Have you downloaded our white paper, "The Six Levels of Financial Knowledge" by George E. Manners, Jr.? Though the original publication was released back in 2006 in Strategic Finance, the growing focus on Enterprise OptimizationTM makes it particularly relevant nearly 10 years later. It's a must-read for modern financial professionals looking to drive a new level of success within their company.
Within the white paper, Manner's provides a framework that Management Accountants can leverage in order to a) improve financial understanding across their organization and b) drive profitability within their company. Below are the six levels Manners addresses in the white paper.
Excerpt from "Six Levels of Financial Knowledge"
"The framework recognizes that we’re on a cusp of decades of development coming together in cost measurement and estimation, data management, business process modeling, enterprise resource modeling and planning, mathematical optimization, raw computing power, electronic visualization, application software development, and more.
As they said on The Six Million Dollar Man, 'We can rebuild him. We have the technology.' I term my proposed framework “the levels of financial knowledge.” As you read the description of each level, I expect you to ask, 'Where is my business?' Any reasonably sized business may find itself with elements of more than one level operating simultaneously — depending on the function, location, or business unit. Nevertheless, the framework should be quite prescriptive for evaluation and planning."
Pretty good stuff, right? Access the full white paper by clicking below.