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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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Saturday, June 05, 2004

The Jays

How does oneself get connected to his mind and utilises it to his full potential?

One thing for sure is, you can't do IT alone. Most of the time we think and act upon matters that interest us. We forget our priorities. Matters which are important have the tendency to just slide away.
Much like an unfocussed teen on studies.

How is this tackled? Its not lazyness and its not procrastination!

Perhaps it is a side effect of lacking in love? I like this.

Also, how do you not lose focus on a subject? How does one stick to the agenda he or she is required to?

All these questions need answering.
You can't just open Internet Explorer - log on to your search engine and type them in, albeit that this would be great! If possible..

You just have to be on top of things. :)

Much rest needed.

ZZ

P.S A yellow H2 Hummer was sighted on 4th June 2004 around 10 P.M on Scotts Road. (TBJ?) Nice.

Posted by MZZ on Saturday, June 05, 2004 at 07:21 PM in Current Affairs |

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