Why are financial skills important for a good manager?

To be able to understand costs and control them and to be able to ensure target profitability and to enssure positive cash flow. If these are not managed, any business is subject to halt.

At the end of the day, we all been working for the development of the company that feeds us. The atmost skill to be specialized is to do quality jobs at the minimal costs which enhance the target profitability without compromising standards.

 

He who knows his team and his standard of works is a manager. When he focus on his financial skills to maximize the profit for his company without compromising his standards is a good manager.

fore many resons 

1- to give him an experience for the expected problem in the future.

2- to evaluate the financial statements.

3-to set real budget in the future .

4- to evaluate the financial manager performance.

To weigh the currency implications of your decisions-including the ability to build a sound budget and formulate reasonable forecasts.

A good manager he can steady the job & give the beast solutions to give good result    

Because: 1.
Money are a way to compare and operate with two or more otherwise incomparable quantities (for example: time, resources, damage, etc.) 2.
Everything at the end comes down to profit/money/finances, etc.
  So a manager with no financial skills could easily end up losing control on his project/job in favor of the person that does the finances.

If a manager is well equiped with good financial skills he can perform his job well and can also have the knowledge of various departments which will be very helpful in setting up goals and expectations to run business swiftly.

 

It will also help the manger to adapt to the business requirements from time to time depending upon the situation and make bold decisions for the bnefit of the organaization.

A good manager is one who takes responsibility of profitability of business, which essentially requires him/her to budget his/her activities in the respective field he/she is; be it manpower, sales, administration, pricing (product), marketing, production etc.
Without Financial skills the proposition of profitability here would be lost.