Steve Coughran argues functional leaders need basic financial literacy to drive business value. You don't need to be an accountant, but every decision you make touches the financial statements. Leaders who understand how their work affects the bottom line make better choices.
so many of these functional leaders, they don't have the financial literacy skills necessary to drive value in the business. So let me explain here. I don't think people need to be like green shade wearing nerds in the back office, like doing debits and credits, and everybody in the organization understands how accounting works and how financial statements come together and what the general ledger is and all that stuff. I don't believe that at all. However, I believe every single person in an organization, they impact the financial statements.
