Budgeting

Difference Between Budgeting and Forecasting
Budgeting quantifies the expectation of revenues that a business wants to achieve for a future period, whereas financial forecasting estimates the amo...
Difference Between Zero Based Budgeting and Performance Budgeting
The key difference between zero based budgeting and performance budgeting is that while zero-based budgeting is carried out by justifying all revenues...
Difference Between Incremental and Zero-based Budgeting
The key difference between incremental and zero-based budgeting is that while incremental budgeting adds an allowance for changes in revenues and cost...
Difference Between ZBB and ABB
ZBB is Zero Based Budgeting and ABB is Activity Based Budgeting. Both are different approaches to budgeting and both are applicable to costs that cont...
Difference Between Budget and Forecast
A budget is an outline of the direction management wants to take the company. A financial forecast is a report illustrating whether the company is rea...
Difference Between Traditional Budgeting and Zero-Based Budgeting
Traditional budgeting takes the preceding year's expenses as base data points; zero-based budgeting takes the strategic approach to assign budgets to ...