The recent COVID-19 outbreak has business owners and managerial accountants rethinking how to manage company spending and income. They are realizing that creating and sticking to a budget is more important than ever. Zero-based budgeting gives every dollar a purpose and avoids wasting money which is helpful when a companys finances are fragile.

In your initial discussion posting include the following about zero-based budgeting:

• Discuss how zero-based budgeting is used to withstand volatility as businesses experience COVID-19.
• How will zero-based budgeting withstand disruptions in production and revenues?
• Why does zero-based budgeting lead to more accurate forecasting?