Financial Intelligence

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US$24.95 Understanding the Financials- and What Lies Behind Them Managers in every business are expected to use financial data to make decisions, allocate resources, and budget expenses. But the truth is, many are uncomfortable applying the most basic financial tools in their day-to-day work. Even managers who consider themselves financially savvy may not understand what goes into a financial statement, and so may take the numbers as gospel when they should be questioning them. In Financial Intelligence, Karén Berman and Joe Knight present the essentials of fináncé, but with an extra dimension. Succinct, easyto-read chapters teach the fundamentals in a way that everyone can understand and put to work right away. But the authors also take you behind the scenes, to show where the numbers come from. Since nobody can quantity everything, accountants and fináncé executives always rely on estimates, assumptions, and judgment calls, which can skew the numbers in one direction or another.... Tovább

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US$24.95 Understanding the Financials- and What Lies Behind Them Managers in every business are expected to use financial data to make decisions, allocate resources, and budget expenses. But the truth is, many are uncomfortable applying the most basic financial tools in their day-to-day work. Even managers who consider themselves financially savvy may not understand what goes into a financial statement, and so may take the numbers as gospel when they should be questioning them. In Financial Intelligence, Karén Berman and Joe Knight present the essentials of fináncé, but with an extra dimension. Succinct, easyto-read chapters teach the fundamentals in a way that everyone can understand and put to work right away. But the authors also take you behind the scenes, to show where the numbers come from. Since nobody can quantity everything, accountants and fináncé executives always rely on estimates, assumptions, and judgment calls, which can skew the numbers in one direction or another. This book helps you recognize and understand those biases, challenge or correct for them when necessary, and use this information to be a better manager. Based on their work training tens of thousands of managers and employees at many leading organizations, Berman and Knight provide readers with a deep understanding of: • The basics of financial measurement: reading income statements, balance sheets, cash flow statements, and more • The art of fináncé: separating hard data from assumptions and estimates • The mechanics of anaiysis: calculating (Continued on back flap)
(Continued from front flap) ratios, return on investment, and working capital • Cash and profit: knowing the difference between them, and why cash is suddenly the "hot" number in corporate boardrooms and on Wall Street • Financial literacy and transparency: recognizing how they can boost performance Accessible, jargon-free, and fiiled with entertaining stories from real companies, Financial Intelligence will help nonfinancial managers add substantially more to their companies'-and their own-success. If you have ever wanted to "talk numbers" confidently with your colleagues, this is the book for you. Karén Berman and Joe Knight are the owners of the Los Angeles-based Business Literacy Institute. Coauthor John Case has written several popular books on management. Jacket design by: Mike Fender Harvard Business School Press 60 Harvard Way Boston, MA 02163 Learn more about our books and view our latest catalog at: www.HBSPress.org Vissza