The Relationship Between Middle Manager's Financial Information and Interest (Loss) of Companies Accredited by Tehran Stock Exchange

With rapid and frequent changes of technology, the traditional business models must adapt with business environment to survive. Today's organizations need to effectively move towards knowledge resources in order to gain and maintain a competitive advantage in the global economy. Management requires to use their knowledge to satisfy shareholders. Manager's Knowledge and ability to understand financial information improve them in performing duties and improve financial performance and, ultimately, satisfy the owners of organization. This make it easy to understand and interpret financial statements. For this reason, the researchers has done this study aimed to identify the relationship between financial knowledge of middle-level managers and profit (loss) of Companies listed in Tehran Stock Exchange. The research method in terms of goal is applied and in terms of data collection, is descriptivecorrelation study. The results showed that there is a significant and positive relationship between financial knowledge of managers and performance result (except the rate of return on assets index and improve profitability), between manager's level of financial knowledge and performance result (except total debt to total assets ratio and improve earnings performance indicators) and between financial knowledge of managers and performance result (operating profit margin) in the industries of food products and beverages, mining, other non-metal mineral products, machinery and equipment and other industries.