5 stages involved in zero based budgeting system.

need of human resource accounting

The zero-based budgeting system is a budgeting system that require every item of expenditure to be justified as if a particular activity or program is taking off the first time.

The following are stages involved in zero-based budgeting systems:

Identification of decision unit/tasks and formulating operational plans read more

3 Purposes of transfer pricing.

3 Purposes of transfer pricing.

A transfer price may be defined as price related to goods or other services transferred from one sub unit (process, department, member of the group, etc) to another sub unit within the same organization. read more

Relevant cost – meaning.

Relevant cost - meaning.



Relevant cost are future cash flows arising as a direct consequence of decision.
Relevant cost must be:

  • the cost that will occur in the future
  • cost that will result in the cash flow
  • arise as direct consequence of the decision
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    4 perspective of Balanced scorecard approach to performance measurement.

    substantive procedures for directors emoulument

    Balanced score card is strategic management technique for communicating and evaluating the achievement of strategy and mission of an organization.

    substantive procedures for directors emoulument

    Balanced score card is strategic management technique for communicating and evaluating the achievement of strategy and mission of an organization.