Question
Continuation and Zero-based Budgeting
Answer :
Word Count : 427
Continuation Budgeting:
- Continuation budgeting, also known as incremental budgeting, is a budgeting approach where the current budget is adjusted incrementally for the next period based on the previous period's budget.
- The focus of continuation budgeting is on maintaining or slightly modifying the existing budget rather than starting from scratch.
- This approach assumes that the previous budget was appropriate and reflects the organization's ongoing needs and objectives.
- Continuation budgeting is often used when there are no significant changes expected in the organization's operations, financial resources, ___ ____ _____ _______ ______ _________ _______.
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