Financial Intelligence

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Demystifying finance for managerial decision-making.

If the mere sight of a balance sheet befuddles you, "Financial Intelligence" might just be your newfound ally. Imagine conquering the financial jargon and harnessing that knowledge to confidently steer your department's resources. Karen Berman and Joe Knight have tailored a guide that peels back the layers of complexity surrounding financial statements, transforming them from intimidating to intelligible. It's not just about understanding the numbers, but about learning the artistry behind them, empowering you to question, challenge, and make more informed decisions.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Financial Intelligence

Regular price
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ISBN: 9781591397649
Date of Publication: 2006-01-01
Format: Hardcover
Related Collections: Business, Economics
Related Topics: Finance, Management, Leadership, Finance, Money
Goodreads rating: 4.13
(rated by 4837 readers)

Description

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. Because 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 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 gives nonfinancial managers the financial knowledge and confidence for their everyday work. Karen Berman and Joe Knight are the owners of the Los Angeles-based Business Literacy Institute and have trained tens of thousands of managers at many leading organizations. Co-author John Case has written several popular books on management.
 

Demystifying finance for managerial decision-making.

If the mere sight of a balance sheet befuddles you, "Financial Intelligence" might just be your newfound ally. Imagine conquering the financial jargon and harnessing that knowledge to confidently steer your department's resources. Karen Berman and Joe Knight have tailored a guide that peels back the layers of complexity surrounding financial statements, transforming them from intimidating to intelligible. It's not just about understanding the numbers, but about learning the artistry behind them, empowering you to question, challenge, and make more informed decisions.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.