{
  "title": "Finance for non-financial managers in Genève: how can budget, profit and cash flow be distinguished before a decision?",
  "url": "https://www.shr.swiss/blog/geneve-finance-pour-non-financiers-distinguer-budget-resultat-tresorerie-en",
  "language": "en",
  "datePublished": "2024-07-13",
  "publisher": {
    "name": "SHR — Swiss Human Resources",
    "url": "https://www.shr.swiss",
    "address": "Esplanade de Pont-Rouge 9A, 1212 Lancy, Suisse"
  },
  "summary": "An available budget is not enough to justify expenditure. Research invites us to distinguish financial knowledge, practical rules and the ability to inform an actual decision.",
  "section": "Research",
  "topic": "Finance for Non-Financial Managers",
  "place": {
    "name": "Geneva",
    "region": "Genève",
    "country": "CH"
  },
  "keyPoints": [
    {
      "heading": "What the literature establishes",
      "point": "Annamaria Lusardi and Olivia S."
    },
    {
      "heading": "The mechanism: making knowledge usable",
      "point": "Alejandro Drexler, Greg Fischer and Antoinette Schoar (2014, American Economic Journal: Applied Economics) experimentally compare conventional accounting training with training based on simple rules among microentrepreneurs in the Dominican Republic."
    },
    {
      "heading": "The hasty conclusion",
      "point": "It would be tempting to conclude that a few rules can replace an understanding of accounts."
    },
    {
      "heading": "The limits of the evidence and everyday terminology",
      "point": "Neither article studies managers in Genève or evaluates the SHR programme."
    },
    {
      "heading": "A practical check in Genève",
      "point": "An exercise proposed in Genève could use four hypothetical situations: a software purchase by a private bank, project expenditure by an international organisation, a purchase of watch components and a commodity purchase-and-resale transaction."
    }
  ],
  "sources": [
    {
      "authors": "Mitchell",
      "year": "2014",
      "source": "Journal of Economic Literature"
    },
    {
      "authors": "Schoar",
      "year": "2014",
      "source": "American Economic Journal: Applied Economics"
    }
  ],
  "wordCount": 457,
  "image": "https://www.shr.swiss/img/blog-Training-Finance-For-Non-Financial-Managers-Geneva-geneve-finance-pour-non-financiers-distinguer-budget-resultat-tresorerie-en.jpg?v=4",
  "translations": {
    "fr": "https://www.shr.swiss/blog/geneve-finance-pour-non-financiers-distinguer-budget-resultat-tresorerie",
    "en": "https://www.shr.swiss/blog/geneve-finance-pour-non-financiers-distinguer-budget-resultat-tresorerie-en",
    "de": "https://www.shr.swiss/blog/geneve-finance-pour-non-financiers-distinguer-budget-resultat-tresorerie-de",
    "it": "https://www.shr.swiss/blog/geneve-finance-pour-non-financiers-distinguer-budget-resultat-tresorerie-it"
  },
  "relatedPages": {
    "programme": "https://www.shr.swiss/formation-finance-pour-non-financiers-geneve",
    "city": "https://www.shr.swiss/formations-ville/geneve",
    "blog": "https://www.shr.swiss/blog"
  },
  "citationPolicy": "Citation autorisée avec mention « SHR — Swiss Human Resources » et lien vers l'article."
}