Question: The company is currently using incremental budgeting however, it is considering changing the system to Zero Based Budgeting. Please advise the board on the aims

The company is currently using incremental budgeting however, it is considering changing the system to Zero Based Budgeting. Please advise the board on the aims of budgeting, advantages and disadvantages of the two budgeting systems, before advising the board on whether the change is recommended or not.

1. discuss the aims of budgeting

2. discuss the advantages and limitations of incremental budgeting

3. discuss the advantages and limitations of Zero Based Budgeting

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