Finance allows us to make better decision making. Whether one is making personal financial decisions or making strategic decisions for an organization "having the numbers" makes sense. Many decisions are made using financial numbers and it is a key component in modern executive business decision making. While there are other metrics of organiational health, the numbers are easier for leaders to understand in returning shareholder investment and value.
A few things you might want to understand are,
1. Financial statements
2. Balance Sheet
3. Cashflow
4. Budgeting (Gross Operating Budget)
5. Expense Management
6. Liabilities
7. Accounts Receivable
8. etc.
You may want to read the following publication because it provides a strong understanding of financial management. There are also some resources you may want to consider.
No comments:
Post a Comment