A line manager's handy guide to profit‐oriented financial planning and accounting techniques

As a line manager immersed in the details of a specific product line or process, you may find yourself thrust into a planning role and asked to make strategic decisions. Unfortunately, years have slipped by since your college accounting and finance courses, and you find the jargon and data difficult to interpret. You're not alone. Studies show that most business students never mastered net present value analysis or managerial cost accounting. In addition, other studies find that graduates generally do not learn these concepts on the job since most line managers generally do not use them.