The Relationship Between Finance and Management

Young managers, regardless of the level of their education, often muse over the contribution of finance to overall business management. They fully recognize the role of marketing/sales and production to their efforts but relegate the ‘bean counters’ to the world of mystery men. Don’t fall into this trap. Learn as much as you can about the workings of the accounting function for it’s the basic tool of doing your job efficiently. Equally, the role of credit, finance and related disciplines often drive (albeit behind the scenes) decisions by senior management that dictate how you do your job. Be a sponge, hang out with the bean counters and you’ll be the beneficiary of what you learn.