The business unit is yours. Everything that happens in it and to it is your responsibility, including anything financial. Head office expects and needs you to know. The Income Statement (Profit & Loss Account), Balance Sheet and Cash Flow Statement each provide a different and important perspective on your business and you need to understand and be able to explain them all.
Can you explain why financial returns are increasing or decreasing, why they are better or worse than others in the industry and whether your costs are under control? Can you demonstrate why your business unit deserves more investment capital? And so much more.
Hopefully, you have good analysis provided to you but you must be able to understand it, to know its significance and, even then, sometimes you’ll need to Analyse the Financial Statements yourself. You need to understand the information these Finance Courses teach; head office can’t promote a BUM who doesn’t thoroughly understand their Financial Statements!