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

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    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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« Malaysian Intelligence Community | Main | Facts »

Tuesday, May 25, 2004

Processes

There is much to learn from living. Have you not tried to compound each episode into a specific process.
E.g Healing is a process, Love is a process and last but not least DYING is a process.

A master of this processes can be extremely sharp people. I am not going to bother whether this makes sense or not. One thing for sure, we all need much education before we can go along criticising people left right and centre.

Its real easy to open your mouth and blab..Its difficult to behave.

Each human being, given the liberty to power would use it towards some 'unscrupulous act'.
E.g A government salaried officer would do everything in their position to overpower the 'visitor'.
These acts happen at places from ministries to hospitals.

People like this gain nothing except humiliation for themselves and are left behind FURTHER in the rat race. Good Luck to the 'lot of you'.

Why do you bother going around feeling and caring for others? Family is all it takes.

-Peace Out-

ZARIQUE.

Posted by MZZ on Tuesday, May 25, 2004 at 03:57 PM in Facts |

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Comments

Jas

An uneducated and underinformed opinion is no opinion at all. Most of the time, people tend to pass judgement without bothering to find out all the facts first.

As for behaving, the ones who behave badly often think that that *is* the right way to behave! lol.

And as for family, not even they can really be trusted... *especially* the older they get. :o(

Posted by: Jas | Wednesday, May 26, 2004 at 06:25 PM

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