Understanding the Finances of Your Department--And Your Company--Is a Key Responsibility

If your top management doesn't distribute all the numbers, use your info resources to get the details.

BY JOHN R. LATHAM

It's all about the money. Whether you work in the private sector or the public sector, someone has to pick up the tab. Even the public sector is being forced to be more financially accountable and become more business-oriented. As you, the information professionals, establish yourselves as important players within your organizations, an understanding of financial management is vital to help you hold your own at the top level of management. It will also help you to become more effective and efficient information managers, to make better decisions and to produce better results.

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