Sample Essay

The best method of budgeting that the company can apply for its planning and control of the operations is the zero based budgeting. The company currently employs the static based budgeting which is not reflective of the true or the actual operations of the company and the changing dynamics and scope in the market.

The zero based budgeting is much more flexible as opposed to the incremental or the static form of budgeting and tends to make or assign costs and expenses based on justification for theĀ  expenditure items. It tends to make the cost centers more efficient by forcing them to identify their important and crucial expenses and do away with the unimportant and unjustified expenses. The application of this method of budgeting and control would be more feasible and appropriate for the Excel Limited Company.

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