The financial side of business. It’s highly likely that, as a line manager or department head, you’re going to have to analyze a spreadsheet at some point, or have some form of financial recording to do as part of your job description.
Financial management is a crucial aspect of any thriving business. Profit maximization, or stockholder wealth maximization, are two real concerns for any organization – and they depend on solid financial decisions. To make good decisions, management needs good information. And that information comes from the accounting system.