Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean

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, Karen Berman and Joe Knight present the essentials of finance, but with an extra dimension. Succinct, easy-to-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 quantify everything, accountants and finance 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 moreThe art of finance: separating hard data from assumptions and estimatesThe mechanics of analysis: calculating ratios, return on investment, and working capitalCash and profit: knowing the difference between them, and why cash is suddenly the "hot" number in corporate boardrooms and on Wall StreetFinancial literacy and transparency: recognizing how they can boost performance

Accessible, jargon-free, and filled 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. more

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Financial Intelligence: A Manager's... Pages: 288, Edition: 1, Hardcover, Harvard Business Press	Amazon 11,406 reviews	$16.47 Coupon 1 coupon available Code:No Code Required Detail: FREE Shipping on orders over $25 at Amazon. Expires:Dec-31-2010 Restriction:Some restrictions apply. See site for details.	See it
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ProductReviews90/100 (37 Reviews)

Recent Reviews

4/5: From: Amazon; Posted: Oct-02-2009; Good Summary of Financial Reporting for Dummies (like me); "Financial Intelligence" does a good job of covering the estimates and assumptions behind eg. new product development, depreciation life, valuation of acquisitions, the distinction between 'controller' and treasurer' positions, matching...; read full review | report as inappropriate

4/5: From: Amazon; Posted: Sep-04-2009; Helpful; I have read the book couple of years ago, and the concepts that I have learned from the book are very helpful to me in my analyses. I think this is a beautiful book for understanding, prioritizing, using the metrics of success in the...; read full review | report as inappropriate

1/5: From: Amazon; Posted: Aug-01-2009; didn't receive book; I ordered this book and was charged so I assumed I would be getting it. I needed for a company class that I was attending and thought I would have it in time. I was not notified that they were unable to get the book until several days...; read full review | report as inappropriate

5/5: From: Amazon; Posted: Jul-26-2009; Fantastic read that is easily understood: Junior Wall Street banker approved; This is an easy read that truly explains the complexities of a companies financials from multiple perspectives. It helped me match real life examples with general concepts and has advanced my micro view to a more macro view. I use to be...; read full review | report as inappropriate

Selected Reviews

4/5: From: Amazon; Posted: Oct-02-2009; Good Summary of Financial Reporting for Dummies (like me); "Financial Intelligence" does a good job of covering the estimates and assumptions behind eg. new product development, depreciation life, valuation of acquisitions, the distinction between 'controller' and treasurer' positions, matching...; read full review | report as inappropriate

3/5: From: Amazon; Posted: Jun-10-2007; Excellent book ... for beginners only; If you have some understanding of finance - even basic - don't expect to learn anything out of this book. I was expecting much more than that given the target audience - "managers" - and the publisher. I doubt that in today's world, a...; read full review | report as inappropriate

1/5: From: Amazon; Posted: Aug-01-2009; didn't receive book; I ordered this book and was charged so I assumed I would be getting it. I needed for a company class that I was attending and thought I would have it in time. I was not notified that they were unable to get the book until several days...; read full review | report as inappropriate