Learning Outcomes

In this free course, you will learn how to:

• Define ‘zero-based budgeting’ and explain the need for zero-based budgets in modern-day organisations
• Discuss the advantages and disadvantages of the zero-based budgeting method in forecasting
• Describe the most common uses of zero-based budgeting in developing forecasts for different types of organisation
• Define ‘activity-based costing’ and explain the theory behind this costing technique
• Analyse the key differences between function-based costing methods and activity-based costing
• Describe the steps involved in designing a properly functioning activity-based costing system