Zero-Based Budgeting Zero-based budgeting is a technique where a company’s budget is determined based on a forecast of expenses. However, unlike most other budget processes, previous year data is not used as a reference for future needs. The budget is to be derived only from what costs should be. …
Balance Sheet Intro
Engineers use drawings to communicate design. Project managers use scope-of-work documents to communicate requirements. Accountants use financial statements to communicate a business’ financial status. If business managers do not read, or cannot understand, these statements then they are not …
Corporate Social Responsibility
Corporate social responsibility is an increasingly common discussion in business today. Corporations want to avoid the perception of being large, impersonal and uncaring organizations that only care about profits. Look at the newest Television commercials from AT&T and Verizon. Slogans such …
