Buy Financial Intelligence, Revised Edition

Revenue and its implications govern my work, yet before reading this book I didn’t fully understand how my actions affected the company’s financial health, nor even the rules that I follow every day. I urge everyone who is running a business to read this. The insights here are very useful so one would understand why a business is taking a particular course of action . This book is carefully written with the non-financial person in mind. Whether you are an manager, a front-line employee, or just someone who wants to learn about business, you will surely get something that you can use right away from this book. This book by Karen Berman and Joe Knight is an excellent primer for any non-accountant managers who want to understand what the numbers really mean. It is very easy to understand and full of insightful stories that will make the reading experience worthwhile.

Financial Intelligence Revised Edition

Berman uses simple examples to illustrate the art that goes into creating financial statements. She does a great job at teaching you how to read, interpret, and extract information from the balance sheet, income, and cash flow statements. Her explanations are geared towards business managers that will be able to use greater financial intelligence forex to make wise and informed decisions. Berman also covers topics such as financial ratios and ROI. It contains a good mix of small and large business examples. I recommend it for anyone making managerial decisions in a business. Companies expect managers to use financial data to allocate resources and run their departments.

They never picked up the skills, and so in some ways they’ve been relegated to the sidelines. In addition to our book Financial Intelligence the Business Literacy Institute offers financial statements training live as well as online. Read the book and take the training to have greater financial literacy. I don’t come from a financial background, but I have to admit that this book has improved my financial literacy ten-fold.

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The fundamental concepts and ideas we discussed in the fi rst edition of this book, published in 2006, are exactly the same in the current edition. But there are good reasons for presenting you with this revised and expanded version of the original text. Finally, although we teach fi nance, and although we think that everyone should understand the numbers side of business, we are equally fi rm in our belief that numbers can’t and don’t tell the whole story. A business’s fi nancial results must always be understood in context—that is, within the framework of the big picture. Factors such as the economy, the competitive environment, regulations, changing customer needs and expectations, and new technologies all affect how you should interpret numbers and make decisions. Once you have the foundation and an appreciation of the art of fi nance, you can use the information to analyze the numbers in greater depth. Financially intelligent managers don’t shrink from ratios, return on investment analysis, and the like.

But, I feel that the contents of the book are presented in such a way that even a person without in-depth knowledge of finance could understand it. Unfortunately, I feel that the provided explanations on some topics need further elaboration. Fantastic book on financial intelligence for non-financial managers. Should be a must read for any manager or MBA student. If you are just familiar with the most basics of accounting, you could understand all of the concepts of this book. So, you don’t need to be a savvy financial expert to be able to read this book. Just what I needed – this book is great read for those interested in how business is viewed through the financial perspective and a must read for someone like me, i.e. who didn’t have any business financial intelligence.

If I had to give it another title, it would be CFO for dummies. I have to confess that I tried to read this book several months before but stop myself because I thought this will demand that I bring out my calculator. The book has full of easy to understand examples and computations that will make us learn how a business works from financial standpoint. If you read the news regularly, you have learned a good deal in recent years about all the wonderful ways people find to cook their companies’ books.

Financial Intelligence Revised Edition

Financially intelligent managers are able to identify where the artful aspects of finance have been applied to the numbers, and they know how applying them differently might lead to different conclusions. ReadAllBook.Org with rich sourcebook, you can download thousands of books in many genres and formats such as PDF, EPUB, MOBI, MP3, ……. Add a review and share your thoughts with other readers. Millions of books are added to our site everyday and when we find one that matches your search, we’ll send you an e-mail.

They know the difference between profi t and cash. They understand why the balance sheet balances. I started reading this book with practically no knowledge in neither accounting nor finance.

Published By Harvard Business Press

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. 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. «Inc.» magazine calls it one of «the best, clearest guides to the numbers» on the market. Since its release in 2006, «Financial Intelligence» has become a favorite among managers who need a guided tour through the numbers–helping them to understand not only what the numbers really mean, but also why they matter.

Financial Intelligence Revised Edition

It also addresses issues that have become even more important in recent years–including questions around the financial crisis and those around broader financial and accounting literacy. In order to read or download financial intelligence a managers guide to knowing what the numbers really mean ebook, you need to create a FREE account. In order to read or download financial intelligence revised edition book ebook, you need to create a FREE account. As an employee, business owner, business partner, CPA, CFO, controller, bookkeeper and just in love with everything accounting, this was an AWESOME book. It will help anyone gain an understanding of finances, accounting, auditing and most importantly, the decisions managers are faced with and must deal with everyday.

Books Related To Financial Intelligence, Revised Edition

Your job will be more fun, and your impact on the company’s performance will be greater. From our vantage point, we love to see employees, managers, and leaders who can see the link between fi nancial results and their job. Suddenly, they seem to have a better idea of why they are carrying out a particular set of tasks. It isn’t Swissquote Forex Broker Review some innate ability that you either have or don’t have. Granted, some people are better at numbers than others, and a few legendary folks seem to have an intuitive grasp of finance that eludes the rest of us. For most businesspeople—ourselves included—financial intelligence is no more than a set of skills that can be learned.

  • A book about finance that will actually make you smarter.
  • They understand why the balance sheet balances.
  • Unfortunately, I feel that the provided explanations on some topics need further elaboration.
  • • A chapter that examines how the marketplace evaluates companies.
  • At Kobo, we try to ensure that published reviews do not contain rude or profane language, spoilers, or any of our reviewer’s personal information.
  • Finance and accounting are an art as well as a science.

Goodreads helps you keep track of books you want to read. Since its release in 2006, Financial Intelligence has become a favorite among managers who need a guided tour through the numbers–helping them to understand not only what the numbers really mean, but also why they matter. Finally, we added additional information about how to increase fi nancial intelligence throughout your company. In our training business, we work with many companies, including dozens in the Fortune 500, who see this as a necessary part of employee, manager, and leader education. We also gathered up feedback from the thousands of people around the world who read the book, and from our clients who used it in their training classes. Thanks to that feedback, we have added several new concepts, such as contribution margin, the impact of exchange rates on profitability, and economic value added . We discuss bookings and backlog, deferred revenue, and return on net assets, or RONA.

This new, completely updated edition brings the numbers up to date and continues to teach the basics of finance to managers who need to use financial data to drive their business. It also addresses issues that have become even more important in recent years—including questions around the financial crisis and those around broader financial and accounting literacy. Inc. magazine calls it one of «the best, clearest guides to the numbers» on the market. Readers agree, saying it’s exactly «what I need to know» and calling it a «must-read» for decision makers without expertise in finance. Since its release in 2006, Financial Intelligence has become a favorite among managers who need a guided tour through the numbers-helping them to understand not only what the numbers really mean, but also why they matter . It also addresses issues that have become even more important in recent years-including questions around the financial crisis and those around broader financial and accounting literacy. A fantastic primer for understanding business financials.

Reviews

They sequester some of their properties and debts in a mysterious place known as off balance sheet. So this book will support the development of your fi nancial intelligence.

Financial Intelligence Revised Edition

I would say it is the only financial literacy book anyone can buy as the concepts can be relayed also in personal finance. The book’s simplicity and flow is what makes it the most sophisticated and useful. The financial jargon is presented and broken down in simplistic ways. The flow of the book is superb as one chapter relates to another, making it easier for the reader to understand. The author translates complex financial terms into day-to-day words, very easy to understand.

Managers who are fi nancially intelligent understand the basics of fi nancial measurement. They can read an income statement, a balance sheet, and a cash fl ow statement.

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It was a very interesting subject that I almost decided to switch course and be an accountant. Nevertheless, up to this day, I still find accounting not just exciting but very useful. Geared a bit more towards larger organisations than mine, but I still learned a lot. Summaries and excerpts of the latest books, special offers, and more from Harvard Business Review Press. Macliber LTD digital universe is the first stop for savvy readers. Our website is the companion tool for smart internet readers.

The fi nancial crisis, like other bubbles and meltdowns, provided new insights into which measures are most helpful in understanding a company’s fi nancial performance. Financial concepts don’t change much from one year to the next, or even from one decade to the next.

The authors took a topic most avoid–corporate finance–and made it easy to understand. They avoided jargon, provided real-world examples, and kept the numbers, decimals, and complicated ratios to a minimum. ‘ moments in which the book demystified the seemingly arcane https://18.158.50.20/uncategorized-ge/eightcap-review-2020/ procedures of our CFO and his gang of eggheads. At our next financial review, I look forward to actively listening instead of checking twitter and hoping for a swift conclusion. The basics of finance to managers who need to use financial data to drive their business.

More than 15 million users have used our Bookshelf platform over the past year to improve their learning experience and outcomes. With anytime, anywhere access and built-in tools like highlighters, flashcards, and study groups, it’s easy to see why so many students are going digital with Bookshelf. After going though this book, I did feel that its good to have this knowledge as an employee from early on in ones career and totally recommend it to anyone in the workforce.

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