Zero Based Budget: What is it? w/ Adanma Akujieze | Video Episode 19

October 6, 2020

For too many companies, the budgeting process looks the same every time. What were the numbers last year? Keep them the same and add some dollars for inflation. But if COVID has taught us anything, it’s that we’re all being forced to reduce spending, and that some of the things we thought were essentials pre-pandemic, we’re not missing as much these days. Adanma C. Akujieze CPA, CISA, CIA came on the CFO Weekly podcast to share her tactical thoughts in this"zero based budget" video episode, or ZBB. What is ZBB? It’s about giving every dollar a name and a purpose. About looking at your strategic objectives, and aligning your spend and business plan with them, rather than tossing money into buckets and hoping for the best. But can it work for you? Doesn’t it take longer? Isn’t it more work? Of course it is. But as Adanma says, “It’s all about short-term pain for long-term gain.” She shares how to look toward the future, and take the steps and changes necessary to get there. Is your team utilizing ZBB? Why or why not? maybe after listening to what Adanma has to say in the zero based budget video your opinion will change. Learn about our F&A solutions.

Emotional Intelligence & The High-Performing Team - [CFO Weekly] Episode 20

As we press on through the COVID pandemic, the remote work lifestyle is becoming more and more of a permane...

Why Implement Zero Based Budgeting? - [CFO Weekly] Episode 19

We’re all familiar with the yearly rounds of budgeting within our companies. But how often are we really lo...

INSIGHTS + Info

Zero Based Budget: What is it? w/ Adanma Akujieze | Video Episode 19

Previous Article

Next Article

Zero Based Budget: What is it? w/ Adanma Akujieze | Video Episode 19

Previous Article

Next Article

More Content

What comes to mind when you think about the IRS? For most people there’s a mild panic that only gets worse with every new phone call, letter, or email received from them. Learn some common red flags.

Financial Controls enable innovation as much as they limit risk. We assume that controls are rigid rules that prevent us from fully applying ourselves at work. Learn more.

What makes a great problem-solver? Is it being highly qualified? Maybe it’s graduating from an ivy league school? Maybe. In this week's video episode, you'll learn the basics of problem-solving + more

Controls are necessary for managing both the good and tough times in business. Read on to understand the importance of financial controls and why they are even more necessary during the good times.

Property accounting is the one door of opportunity, behind which, other doors await you and you can uncover them in this week's video episode.

There are virtual services, and there’s outsourcing. And then there’s outsourced virtual accounting services that blend together every good thing about finding the right person for the right job.

Problem-solving in accounting is a critical skill that can always be improved upon. Master problem-solver and CFO at Musselman & Hall Contractors LLC, Adam Porter joins us to discuss on CFO Weekly.

Real estate accounting and property accounting of all types is changing, growing, and full of opportunities right now. During this exciting time to be a property accountant, we talk with an expert.

Who wouldn’t want a career where they could see the world, experience all sorts of new things, and meet new people? That is the life of an expatriate and you can learn all about it in this video ep.

For a lot of people, the idea of working as an expatriate in another country is an enticing one. The chance to travel, and do meaningful work abroad is an appealing one. Find out more from an expat.

Have you led a business through hyper-growth? It’s not all sunshine and roses. Read more to see how a CFO of a growing company is managing to make it work.

It’s not always easy to lead a business through growth. We called in Flipp CFO, Victor Wong, to share his own experience and of course, his key tips for you to use to your advantage.

Hardly any of the content you consume encourages you to think for yourself. There are ads for products to buy, articles that tell you what to think, and posts from influencers of all kinds. Learn more

Challenge. Design. Execute. You need to be able to do all three to be an iconoclast. And what's an iconoclast, exactly? Tony Zorc, joined us on our 50th episode for a discussion about iconoclasm.

Let’s face it: The budget process isn’t always a whole lot of fun, and can present some challenges. Ultimately, budgets can end up failing because behind them sits disjointed leadership. Learn more.

Mastering the budget cycle is critical for any company, large or small, particularly in a world that's changing so quickly and unpredictably. Find out everything you need to know about budgeting here.

Today, CFOs have a lot more to deal with than they did even just 10 years ago. One of those emerging responsibilities? Finding operational efficiency. As a CFO, with so much to do at a high level, fi

Change is constant, and it’s tough to decide where the energy in your business is best spent. That’s why we sat down to discuss strategic investment and change management on CFO Weekly.

Looking at cutting costs without hurting your business? In the latest episode of #CFOWeekly, "Mr. Biz", aka Ken Wentworth takes on this all-important topic by exploring all aspects of it. Learn more.

Although cutting costs in the accounting department is far from anyone's favorite thing to talk about, it is definitely part of any CFOs job. But how do you cut costs and being smart about it?