Regardless of the responsibilities or title, every boss should have a basic understanding of Accounting & Finance. In general, accounting looks at the business operations from the present on back, while Finance works with that information and projects into the future.
The best bosses understand how the company makes money, what it costs to make it, and how the operations s/he manages directly impacts profitability. A company’s accounting and finance senior managers are the best sources for such information. This type of data should be shared with team members so everyone knows how they contribute to the bottom line.
- Accounting basics (allBusiness).
- Basic finance and accounting videos (this link is to the first of seven videos – YouTube).
- Corporate finance (Wikipedia).