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

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

  • Harvard University Press: Financial Intelligence
    CFO.com "It's like The Elements of Style of finance." Book Description 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. (*****)
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Friday, December 19, 2003

Sound

Friday 19th December 2003

Sitting in my room on a Friday evening is rather unusual considering the fact that the weekend is here.

Nevertheless I have programmed my remainding month with endless activities.

The sound that is being released from my pair of speakers is intense with calming factors that sooths the mind, body and soul.

I would continue writing about my daily memoirs, however I have realised it is not a topic of discussion.

I have instead provided hot current issues for daily readings.

To much disapointment, I have not received much feedback from the last 2 postings, namely 1) Towards Human Betterment and 2) EPF.

Perhaps, the general public would not want to provide their piece of mind with regards to the topic I had to raise. Perhaps they just love reading?

Anyhow, I will try my best to keep updating all of you with words that have been generated by my beautiful mind:)

Have a good Weekend,

KUALA LUMPUR,
MALAYSIA.

ZARIQUE.

Posted by MZZ on Friday, December 19, 2003 at 02:02 PM in Current Affairs |

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