Author(s)

Zhang Huaihai ¹

Affiliation(s)

¹ MKM Mining Simple Co., Ltd, Kolwezi, The Democratic Republic of the Congo, Africa

Corresponding Author

Zhang Huaihai

ABSTRACT

MKM Mining Simple Co., Ltd. is an international mining company jointly invested and established by China Railway Co., Ltd. and the Congo National Mining Corporation, registered and established in Lubumbashi City, Katanga Province, Democratic Republic of the Congo on September 26, 2016, mainly engaged in the mining, processing and sales of copper metal and cobalt hydroxide raw ore. The company is located in Africa, put into operation in 2022, and the production cost remains high after putting into operation, so the company chooses to take the zero-based budget as the starting point to achieve the company's cost reduction and efficiency increase, and the company's copper production increased by 262 tons year-on-year and profit increased by 8% year-on-year.

KEYWORDS

Zero-based budget; cost reduction and efficiency increase; state-owned enterprises; Belt and Road

CITE THIS PAPER

Zhang Huaihai, Application of zero based budgeting. Accounting and Corporate Management (2023) Vol. 5: 1-12. DOI: http://dx.doi.org/10.23977/acccm.2023.051001.

REFERENCES

[1] Sun Yunmei, Tian Yingqi. Research on Strategies for Strengthening Cost Reduction and Efficiency Enhancement in Enterprises in the New Era [J]. Enterprise Reform and Management, 2023 (09): 45-47.
[2] Li Qingyun. Exploration of the Application of Zero Base Budget Reform in Administrative Institutions in the New Economic Environment [J]. Finance and Accounting Learning, 2023 (04): 55-57.

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