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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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Thursday, February 05, 2004

Beats

Pretty cool people work at hotels. I wonder whether it is as much fun as being guests at hotels tho'.
A few entries ago, I wrote about hotel management courses and its interests. I seem to have set my mind on the same assumptions I had a week ago about this career line.

Most hotel management schools, be it Cornell in the state of New York or Glion in Switzerland are bases where students whom wish to pursue their careers as hoteliers.

To my knowledge, Cornell prepares students for the management of hotel groups such as the Hyatt Group of hotels, where as schools like Glion cater for Hotel Operations. Students are drilled from the very basics on what it takes to be a well respected hotelier for the tourism industry. They are then shipped to thousands of hotels around the globe for as long as one endevours.

I have always set my mind on management skills. Considering they teach you how to be hospitable, this seems like a suitable course. On the other hand, I can always join the French Foriegn Legion.

ZARIQUE.

Posted by MZZ on Thursday, February 05, 2004 at 11:59 AM in Current Affairs |

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