LRA (JUNE 2015)Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › LRA (JUNE 2015)This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 20, 2020 at 4:08 pm #581307 agnes222MemberTopics: 45Replies: 17☆☆What are the main steps involved in preparing a zero?based budget?1-Identifying previous inefficiencies, using adaptative management processes and avoiding wasteful expenditure in planning.2-Recognising different cost behaviour patterns, planning on a rolling basis and ignoring wasteful expenditure.3-Analysing the cost of each activity, identifying alternative methods and assessing the consequences of performing the activity at different levels.4-Updating the budget continually, setting performance standards and controlling performance monthly with the use of variance analysis.sir why is the answer not 1? the correct answer is 3 August 20, 2020 at 4:54 pm #581313 John MoffatKeymasterTopics: 57Replies: 54699☆☆☆☆☆Because the most fundamental idea of zero based budgeting is to consider alternative methods of performing the activity. ‘1’ does not mention this at all.Please watch my free lectures for a full explanation.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In