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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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« Police II | Main | Change of Heart »

Friday, January 09, 2004

First and Last.

How does one live life fully?

You only live once, Live IT.

I find that there are human beings whom are able to smile 16 hours a day without a sign of worry. These individuals are positive in nature.

We live in a world which is full of problems. How we tackle the situation is an art in itself.

Most of us would like to be in control of most factors within our lives. In retrospect, most of us are not able.

We are merely ants living in a multicomplex society.
How hard an ant works depends on how successful he is?

If we were to compare ourself to ants, life seems much simpler. They initially set their offspring and build a colony. A colony is merely a habitat where living organisms of the same species live in symbiosis. Ants need one another to live. They are great teamworkers.

A good example would be the moving of a dried leaf to form their natural habitat.

Ants would share the burden just to achieve a common goal.

I learn much from this. Have you?

ZARIQUE.

Posted by MZZ on Friday, January 09, 2004 at 10:41 AM in Weblogs |

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