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Financial understanding of their organization

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Why is it essential for all managers to have a financial understanding of their organization? What reports would be central to achieving financial understanding? How would you use such reports in daily operations?

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Solution Summary

This solution of 131 words lists five report that will be central to achieving financial understanding in an organization.

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Managers should have a financial understanding of their organization to take the decisions in a prudent manner. Financial understanding will enhance the commercial knowledge and will also get the relevant inputs for taking decision ...

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