This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: of business moves are relevant at the appropriate time. If a manager needs to hire a new employee, or give a raise, or create a budget for meals, then they must know what they are working with so they can prioritize what is important. Not knowing the financial status is like walking blindly and without a guiding stick. You just keep moving until you bump in to something and hurt yourself and that is no way to lead a business. Business managers must understand the information on the company's financial report because if they don't it would be very difficult to, improve, and keep the company running. The manager needs to know how much inventory came in and went out as well as the amount of employees and their wages, the total operating costs of the company and net profits in order to accurately manage the company. In a way, it is like a carpenter without a hammer....
View Full Document
This note was uploaded on 10/17/2011 for the course ACC 220 220 taught by Professor Aliciahubbard during the Spring '10 term at University of Phoenix.
- Spring '10