What does RCB mean in ACCOUNTING
Resource-Centred Budget (RCB) is a financial planning tool used mainly by nonprofit organizations to consistently and accurately monitor, manage and allocate resources in accordance with their organizational goals. The RCB framework allows organizations to think strategically about the long-term impact of their spending decisions before they commit resources and funds. It also allows them to ensure accountability for all expenditures and to identify areas where cost-savings can be achieved.
RCB meaning in Accounting in Business
RCB mostly used in an acronym Accounting in Category Business that means Resource-Centred Budget
Shorthand: RCB,
Full Form: Resource-Centred Budget
For more information of "Resource-Centred Budget", see the section below.
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Essential Questions and Answers on Resource-Centred Budget in "BUSINESS»ACCOUNTING"
Final Words:
In conclusion, Resourceâ€Centred Budgets allow non profit organisations to plan ahead responsibly, track expenses accurately as well as identify areas for potential cost savings without sacrificing quality or accountability when it comes to resource allocation and management.
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