Leadership – What Managers Need to Know [WLO: 4] [CLOs: 3, 4, 6]
Prior to beginning work on this discussion forum, read Chapters 2 and 3 of the text, and watch the video Finance: What Managers Need to Know (Links to an external site.).
Write: In your initial post, discuss the metrics to evaluate in your business or the business you work for to achieve financial results. The author Joe Knight in the video Finance: What Managers Need to Know (Links to an external site.) talks about accounting estimates and the need to know what questions to ask. What metrics are used in the business you work for or in your business? Explain the difference between profit and cash flow, and discuss transparency.
Make sure your post is more than 200 words and that you include a brief quote or paraphrase the video or reading material where appropriate (see the Writing Center’s Quoting, Paraphrasing, & Summarizing (Links to an external site.) guide for assistance with in-text citations).