Discuss how much you know and understand about your organization’s finances.

Prog Home v3 Forums CAMP SPT Discuss how much you know and understand about your organization’s finances.

Viewing 15 posts - 211 through 225 (of 226 total)
  • Author
    Posts
  • #66924
    Renee Larry
    Participant

    Not involved with my organizations finances

    #66983
    Paul Romero
    Participant

    I have only been involved in monitoring the budget of the expense accounts in SW, if they are passed, opening new POs, and also in creating annual expense forecasts for them.

    #67023
    Ludmila Kantova
    Participant

    I understand the budget for our department. I have a knowledge of revenue streams, cost drivers, or funding sources. I am familiar with financial policies or compliance requirements.

    #67102
    didier destrooper
    Participant

    I have no insight in the financial part of the business.

    #67949
    Amanda Millsaps
    Participant

    While I do not have direct insight into my organization’s finances, one can know and understand their organization’s finances by regularly reviewing financial statements, such as balance sheets, income statements, and cash flow statements. Managers can also engage in budgeting and forecasting activities to anticipate future needs and challenges.

    #67972
    Atif Khan
    Participant

    I understand a good amount of my organizational finances.

    #67980
    Joey Shadduck
    Participant

    I only understand the money i saved by initiating a reuse policy for our equipment

    #68102
    Darin Melton
    Participant

    I’m not involved in my organization’s finances.

    #68117
    Paul Bunoan
    Participant

    Not directly involved in the organization’s finances.

    #68202
    Sihame Bellati
    Participant

    Understanding an organization’s finances is essential for decision-making. Key areas include:

    Financial Statements & Metrics – P&L, balance sheet, cash flow, and KPIs.
    Budgeting & Forecasting – Allocating funds, predicting trends, and adjusting plans.
    Revenue & Cost Management – Understanding income sources, expenses, and profitability.
    Financial Health & Sustainability – Monitoring debt, investments, and long-term viability.
    Transparency & Reporting – Compliance, communication, and alignment with business strategy.
    Data-Driven Decisions – Using financial insights to drive growth and efficiency.
    A solid grasp of these aspects helps in making informed financial decisions.

    #68294
    Cindy Keller
    Participant

    I listen to our quarterly earnings calls.

    #68330
    ABIODUN ADEBANJO
    Participant

    There is budgeting at the beginning of the year and budgeting system is approved by the Board

    #68381
    Christopher Davis
    Participant

    As a procurement technician, I mostly deal with the Acquisition of assets. I have some knowledge of budget for upcoming projects I am involved in but that is the extent of my knowledge.

    #68401
    David Saliem
    Participant

    Two times a year affect our organization’s budget: the beginning and middle of the fiscal year.

    #68408
    Nina Yavicoli
    Participant

    I don’t know anything about our organizations finances as the structure of our organization has many different financial channels and requires separate finance managers for each department.

Viewing 15 posts - 211 through 225 (of 226 total)
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