Financial Analysis - P&L statements, Balance Sheet A+ All project managers need to track the budget and spending. They need to work with the accounting/finance/purchasing department to manage and report the cash flows. Here is an article on why finance matters. https://www.pmi.org/learning/library/finance matters project managers-important-1861 e For those of you who are interested in Agile and Scrum. https:/www.pmi.org/learning/library/accounting agile projects-9303 Financial accounting for an organization differs from project accounting. Here's a article that summarizes the differences between Project Accounting and Financial accounting, https://www.projectmanagement.com/blog-post/33420/5-Differences-Between Project Accounting-and-Financial Accounting Here's a final article on how corporate accounting and Earned value are needed during project management. https://www.pmi.org/learning/library/merging project-corporate accounting-67062 Explain the financial statements that an organization uses and how they help in project management Does a project manager need to be a financial accountant. You can cite external references. Financial Analysis - P&L statements, Balance Sheet A+ All project managers need to track the budget and spending. They need to work with the accounting/finance/purchasing department to manage and report the cash flows. Here is an article on why finance matters. https://www.pmi.org/learning/library/finance matters project managers-important-1861 e For those of you who are interested in Agile and Scrum. https:/www.pmi.org/learning/library/accounting agile projects-9303 Financial accounting for an organization differs from project accounting. Here's a article that summarizes the differences between Project Accounting and Financial accounting, https://www.projectmanagement.com/blog-post/33420/5-Differences-Between Project Accounting-and-Financial Accounting Here's a final article on how corporate accounting and Earned value are needed during project management. https://www.pmi.org/learning/library/merging project-corporate accounting-67062 Explain the financial statements that an organization uses and how they help in project management Does a project manager need to be a financial accountant. You can cite external references