THE IMPACT OF ZERO-BASED BUDGETING ON COST MANAGEMENT
The objectives of this research are to: (1) assess the effectiveness of zero-based budgeting (ZBB) in cost management, (2) identify the challenges and benefits of implementing ZBB, and (3) evaluate the impact of ZBB on organizational financial health. A survey design was chosen for its ability to capture detailed quantitative data from financial managers and budget analysts. Using Taro Yamane's formula, a sample size of 375 participants from technology firms in Enugu was determined, ensuring comprehensive insights. The technology sector was chosen for its frequent adoption of innovative budgeting practices. The reliability coefficient score of the survey was 0.87. Findings indicate that zero-based budgeting significantly improves cost management by ensuring all expenses are justified, leading to more efficient resource allocation and reduced unnecessary expenditures. Recommendations include providing extensive training on ZBB principles, integrating ZBB with overall financial planning processes, and continuously reviewing and adjusting budgets to maintain cost control.
Background to the Study
The state of the economy and socio-economic well-being of any society is linked to the effectiv...
ABSTRACT
Niger Delta Basin is one of the most prolific oil producing basins in the world made up of complex structural features which if...
ABSTRACT
This study is aimed at the assessment of sawdust activated carbon in the treatment of aquaculture effluent with various objectiv...
THE IMPACT OF CROSS-SELLING AND UPSELLING TECHNIQUES ON SALES REVENUE
This study exami...
Abstract
In this study, our focus was to carryout a critical analysis on the impact of phone-in program...
ABSTRACT
The relevance of SME-sub sector in Nigeria’s economy has necessitated the need for empirical investigations i...
BACKGROUND OF THE STUDY
The usage of current office technology is unavoidable in workplaces in this day and age. Prior t...
ABSTRACT: This research investigates the benefits of early childhood education in fostering global problem-solving skills among young children...
ABSTRACT
A study of septicaemia was conducted in Enugu metropolis with a view to determine the relevance of blood culture to the diagnosi...
ABSTRACT
This study was carried out to examine the problems and prospects of teaching social studies in...