Learning Accounts can help

In the time of financial slowdown reducing costs have become major priority of most firms. I personally feel that the reason why most of companies are not good at managing their costs is because they are dependent on their CFO's or person/team handling the company's finance. Managing cost should not be the pererogative of the company's finance team. In fact each person in a company should have knowledge about finance so that He/she can better contribute towards reducing the overall costs on a day to day basis. I have found this knowledge lacking in many companies where even the managers use wrong forecasting methods which can create a cash flow problems in the company- and this is irrespective of Managers being very skilled in their respective functions.