In today’s economy, organizations are doing more with less. They’re demanding more productivity from every employee and looking for every measure to improve the bottom line. And they’re expecting their employees to monitor and drive this process themselves.
By improving your financial knowledge, you’ll empower yourself in many ways. You’ll know how to justify requests and translate performance into financial terms. You’ll be able to quantify your department’s contribution to the organization—and your own. You’ll communicate more effectively with your boss, upper management, shareholders, and other stakeholders about the financial results you have achieved and those you plan to deliver.