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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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Tuesday, June 29, 2004

Running

Phew, what a day it has been. (stating the obvious)

Some acquaintances are at Charlie's tonite. Aizuddin hosting one of his private functions. Apparently he is off to the states pretty soon for Holidays. Best of luck.

Most of us, up to the age of 25 have been out of control more than one occassion. (I presume)

Do you know why we get out of control?

Best way to answer - GO EXPERIENCE YOURSELF.

When I was 19, the idea of fun was to be with a group of friends hanging out.

I turned 21 and graduated, soon this idea commenced and evolved into the nightlife.

Up to the age of 24, I graduated what we call the 'School of HARD Knocks'.

As far as LIFE is concerned, I am doing pretty damn good. (arrogantly correct)

The hardship, the fantastically outrageous times were worth the whole while.

Thanx to all whom participated and played your roles incredibly well.

ZZ.


Posted by MZZ on Tuesday, June 29, 2004 at 04:03 PM in Sports |

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