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December 3, 2022

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.

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