Every manager needs to understand finance if they are to play an active role in helping their organization achieve its objectives.
However, not every manager needs the same level of skill and understanding as specialist financial managers. A good knowledge of the key concepts of prudent financial management as modern financial accounting should equip all managers with the knowledge they require.
- Play a more active role in helping their organization achieve its objective.
- Understand financial management and accounting processes.
- Understand and communicate better with finance specialists.