This video discusses zero-based budgeting.
When a company uses zero-based budgeting, this means that each expense must be justified when the company is preparing a new budget. For example, the director of the marketing department can't simply say, "well, we spent $50,000 on advertising last period, so we need to spend at least $50,000 again this period." With zero-based budgeting, the managers should scrutinize each expense and not simply allocate money based on what occurred in a prior period.
-
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
Edspira’s mission is to make a high-quality business education accessible to all people.
-
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS & OTHER FREE GUIDES
* eepurl.com/dIaa5z
-
MICHAEL’S STORY
* www.edspira.co...
-
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: podcasts.apple...
* Spotify: open.spotify.c...
* Website: www.edspira.co...
-
CONNECT WITH EDSPIRA
* Website: www.edspira.com
* Instagram: / edspiradotcom
* LinkedIn: / edspira
* Facebook: / edspira
* Reddit: / edspira
*TikTok: / edspira
-
CONNECT WITH MICHAEL
* LinkedIn: / prof-michael-mclaughlin
* Twitter: / prof_mclaughlin
* Instagram: / prof_mclaughlin
* Snapchat: / prof_mclaughlin
*TikTok: / prof_mclaughlin
-
HIRE MCLAUGHLIN CPA
* Website: www.MichaelMcLa...
30 сен 2024