When it comes to finance, American companies appear to be getting a clue. From
1988 to 1996, they reduced the amount of money they spent on basic accounting and
financial chores from 2.2 percent of their annual revenues down to 1.4 percent. That's
a 36 percent savings.
company's finances must be managed. In fact, there isn't a single department, division, work unit, or employee who
doesn't come into contact with a company's finances. Assets and liabilities, and revenues and expenses, are affected
every time an employee is hired, merchandise is moved, or paperwork is pushed....