This is not a paper just a MIDTERM question Essay - 2

This is not a paper just a MIDTERM question - Essay ExampleHowever, it is cumbersome to prepare, offers little discipline to management, and usually creates parallel accounting systems. It also does not indicate levels of efficiency or address value.Generally, budgeted expenditures are based on a standard terms of inputs multiplied by the number of units of an activity to be provided in that period. It refers to the process of linking costs to activities, then identifying specific eruptputs to be produced by services or activities. so setting targets or goals and afterwards preparing budget based on these performance goals set. The new approach to performance budgeting seeks to concentrate on the outcomes rather than the output. This approach has the reward of offering a means of estimating future expenditures and measurement of activities efficiency. On the other hand, its drawback is that there is a need to distinguish between the fixed and variable costs. Furthermore, it has no benefit in public accounting, as efficiency is not the only measure required.Program budgeting refers to a variety of different budgeting systems that base expenditures primarily on programs of work and secondarily on objects. It involves organization of the business operations into programs with specific goals and missions. After identifying the goals, sub goals and objectives and their input and output are outlined, as budgets are vigilant along these programs. They facilitate choice of alternative strategies, evaluation of goals and finally it takes budgeting beyond efficiency compared to performance budgeting approach. However, there is no single methodology to single out alternatives available. In addition, it places heavy demands on officials to achieve their stated goals.Zero-based budgeting operates by justifying budget requests probably of each department or functional unit of operation any budgeting cycle, regardless of prior