Please ensure Javascript is enabled for purposes of website accessibility
September 24, 2023

Accounting News Roundup: Zero-based Budgeting Sounds Fun; Reminder: Verbal Agreements Can Go Bad; Finding Circular References in Excel | 03.26.15

Kraft-Heinz Deal Shows Brazilian Buyout Firm’s Cost-Cutting Recipe [WSJ]
I believe this is how Hell budgets its operations: "At Kraft, as it has elsewhere, 3G plans to implement something called zero-based budgeting, an austerity measure that requires managers to justify spending plans from scratch every year. The technique has triggered sweeping cost cuts at 3G-related companies including Heinz—from eliminating hundreds of management jobs to jettisoning corporate jets and requiring employees to get permission to make color photocopies."

Half of Small Businesses Have CFO or Controller: Survey [CFOJ]
But also: "1 in 5 companies outsource their finance function," so it's squishy. 

Why the casino may not be the place to invest those millions from that Chinese guy [Tax Update]
Verbal agreements can get messy.

Marci Kaminsky joins Grant Thornton as chief communications officer [GT]
J. Michael McGuire says, “Her insights will be vital in driving our reputation to achieve our goal of being an audit, tax and advisory leader for dynamic growth organizations.”

Here is How You Can Find Circular References in Microsoft Excel [AWEB]
Don't worry, there are pictures.

A Checklist for Planning Your Next Big Meeting [HBR]
A checklist so simple, an auditor can do it. 

PwC is now bottling the tears of its staff [r/accounting]
We always just assumed.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Funny white cat-an athlete in a yellow sports headband, lying with yellow footballs, dumbbells and a yellow alarm clock standing nearby.

Monday Morning Accounting News Brief: PwC Is Turning Work Down?; TIL the President of Nigeria Worked at Deloitte | 9.11.23

Yay it’s Monday again! Praise Pacioli, there’s actually some stuff going on this morning. Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. She has her own firm now: Stephanie Heredia’s promotion came a year too late and more than […]

Tuesday Morning Accounting News Brief: Getting Roofied at KPMG?; PwC: ‘Burnout Should Be a Concern’ | 9.5.23

Good morning and happy Tuesday. Hope everyone had a nice Labor Day, I had a productive weekend of being AFK at Meat Week (get your minds out of the gutter, it’s Fallout). Let’s get right into it. It is suspected someone spiked a colleague’s drink at a KPMG NZ get together, it isn’t the first […]