answersLogoWhite

0


Best Answer

yup. because he needs to know the financial condition of the company. it is ,ore necessary if the business manager is also the owner of the company.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it necessary for a business manager to understand basic accounting?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is it necessary for a finance manager to understand accounting if the firm has a professional accountant on staff?

Absolutely - at least well enough to understand what the accountant is saying. Part of the finance manager's job is to help make decisions about the company's future. All the accountant can do is tell the manager about the company's present. Another part of the finance manager's job is to know the right questions to ask the accountant.


Which subjects should you learn if you want to become a bank manager?

Accounting, business management.


Why is it important for manager to understand the external environment components?

components of business environment


What are the typical responsibilities of an accounting manager?

An accounting manager, who generally is required to have at least a BA in Accounting, Finance or Business, likely will report to the CFO of a company. While there are various types of accounting managers, in most cases they are responsible for overseeing the accounting staff across the various accounting areas and making certain that the appropriate financial documents are prepared and completed with integrity, security and in a timely fashion in compliance with state and federal regulations.


Why do manager try to understand the environment within which their business operate?

One of the reasons managers try to understand the environment in which their business operates is because this can help them understand their local clienteles needs and expectations. It can also help a business to advertise more effectively.


What do you call someone who works in accounting management?

An accounting manager.


What did Philippe Citerne think about being a good manager?

"You have to be humble and you have to be best of breed as a good manager. But it does help if you understand what is going on in everybody's business."


Why do managers need accounting information?

in the present time large area of business that's why a manager can not be analysis the whole business. to get a various information ,problems,profits of the business and take good decision of fever of business.


Why manager can not be entrepreneur and why entrepreneur can be manager?

A manager is mostly into managing the business operations and do not go beyond that, he/she might be an employee but an entrepreneur is an individual who owns the business, generate ideas, develop them, implement them, operate them and understand the risks and ready to face them. Thus, an entrepreneur can be both but a manager can not, he/she ( the manager) is only at the managerial post.


What do you have to study to become a bank manager?

To became a bank manager at the college you need to study finance, accounting, economics and business. But make sure that the college that you apply for is "sixth form". Hope it helped you. :-)


What are the accounting areas governing accounting profession?

1.to become a manager in bank. 2. CEO 3.ca 4.cs 5.cfa 6.b.com,m.com,m.phill, pH.D 7.icwa 8.bbm and bba 9. cashiers 10. VP 11.gm,cmd, CFO. if you know these full form you will understand accounting profession and very useful before starting a business.


What are different job titles of accounting?

In accounting departments of medium to large companies and accounting firms the typical job roles are Accounting Clerk (Accounts Receivables and Payables Clerks), Accounting manager, Tax Manager, Bookkeeper, Controller, Budget Analyst, Internal Auditor and CPA.