When it comes to finance, American companies appear to be getting a clue. From 1988 to 1996, they reduced the amount of money they spent on basic accounting and financial chores from percent of their annual revenues down to percent. That's a 36 percent savings. company's finances must be managed. In fact, there isn't a single department, division, work unit, or employee who doesn't come into contact with a company's finances. Assets and liabilities, and revenues and expenses, are affected every time an employee is hired, merchandise is moved, or paperwork is pushed
