How do I become a personal finance manager?

How knowledge of finance can help you become a more effective manager?

• Answer:

  A financial background is very important for a manager. If your position as a manager requires you having to understand financial statements, work closely with an accountant, etc. For years I worked as an Accountant and worked very closely with alot of the managers at the plant I worked at. The top manager was required to understand and go over the financials with me. It was part of him job to know financially what was happening. Also managers of different divisions needed to know what was being spent, where, who. As a manager you need to be informed. If you have no finance background, hopefully you at least have a very good accountant to work very closely with you and explain everything in detail.