Budgeting has a number of different purposes including: Planning; Control; Performance evaluation; Motivation. Some managers believe that zero-based budget is more beneficial than other types of the budget for firms. Contemporary development in Beyond Budgeting also discussed and argued widely by practicing professionals and academics” 6. Critically discuss the above statement with reference to academic literature. In your discussion, you should refer to the budgeting systems you learned in this module

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BUDGETING A budget is a quantified financial plan for a forthcoming accounting period A budget is an important concept in microeconomics which uses a budget line to illustrate the tradeoffs between tw... View the full answer