- 6 Marks
MA – May 2018 – L2 – Q2b – Budgetary Control
Explain and provide examples of Activity Based Budgeting, Zero Based Budgeting, and Rolling Budgeting in a memorandum format.
Question
The Sales Director has recently attended a course entitled ‘Finance for Non-Accounting Managers’. He wants to understand more about a number of management accounting terms that he feels may be relevant to him.
Required:
Prepare a memorandum explaining and providing examples of the following:
i) Activity Based Budgeting
ii) Zero Based Budgeting
iii) Rolling Budgeting
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