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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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    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 ...

    Solution Summary

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