Requirements
Some commentators argue, ‘With continuing pressure to control costs and maintain efficiency, the time has come for all public sector organizations to embrace zero-based budgeting. There is no longer a place for incremental budgeting in any organization, particularly public sector ones, where zero-based budgeting is far more suitable anyway.’
Required:
Question 01 (500 words) – LO1
Discuss the difficulties encountered when budgeting in public sector organizations compared with budgeting in private sector organizations, drawing comparisons between the two types of organizations. (25 Marks)
Question 02 (500 words) – LO1
Discuss the view that ‘there is no longer a place for incremental budgeting in any organization, particularly public sector ones,’ highlighting any drawbacks of zero-based budgeting that need to be considered. (25 Marks)
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Question 03 (500 words) – LO1
Discuss the benefits that may accrue due to the successful implementation of the Beyond Budgeting Model in an organization. (25 Marks)
Question 04 (500 words) – LO2
Discuss the practical limitations of using the learning curve theory in the budgeting process. (25 Marks)
Your discussions should refer to the publications made by academic researchers and professional accounting institutions.