Read Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean by Karen Berman Free Online
Book Title: Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean|
The author of the book: Karen Berman
ISBN: No data
ISBN 13: No data
Format files: PDF
The size of the: 584 KB
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Loaded: 2651 times
Reader ratings: 7.1
Edition: Harvard Business Review Press
Date of issue: January 12th 2006
Read full description of the books:
Companies expect managers to use financial data to allocate resources and run their departments. But many managers can’t read a balance sheet, wouldn’t recognize a liquidity ratio, and don’t know how to calculate return on investment. Worse, they don’t have any idea where the numbers come from or how reliable they really are.
In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance—but with a twist. Financial reporting, they argue, is as much art as science. Since nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials—and they need to know that sometimes the numbers can be challenged.
While providing the foundation for a deep understanding of the financial side of business, the book also arms managers with practical strategies for improving their companies’ performance—strategies such as “managing the balance sheet” that are well understood by financial professionals but rarely shared with their nonfinancial colleagues.
Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence will help nonfinancial managers be smarter and more confident in their everyday work.
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