In: Accounting
Ans. Since this approach makes every manager accountable, they have to submit to the project leader required information on timely basis regarding sales, production, consumption, purchases, etc. Hence information may be available to the management timely and accurately.
It is time consuming as well as costly.
It faces various operational problems during the implementation of such technique
It requires full support of top management
Every personnel within the organization may not show interest for implementation of Zero Based Budgeting as this is an additional burden.
Ans. In this
approach information is required like master budget. For
preparation of master budget all functional budget information is
required. Functional budgets like sales budget, production budget,
consumption budget, purchase budget, human resource budget, etc.
Hence all the above said budgets and related information would be
critical for the above said approach.