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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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« Up There? | Main | No. II »

Wednesday, July 14, 2004

Elections

You know how we see that adults should behave automatically?

Tonight, I witnessed adults behaving like children.

Is it normal for this to happen in a developing country? Personal attacks comitted upon evidence of party leadership.

I would rather not quote the party in question, however tonight I saw what power does to the human being.

We hear stories of corruption and misappropriation of funds etc..

These incidences really do happen and yet nothing is really done about it.

Money politics is a norm when it comes to elections. Do you not see?

What other benefit does the votee get for comitting their personal time and effort for others?

Morally it should be a responsibility for each and everyone of us to play an important role in society by offering support and votes for the federal government.

It's always "what do I get" and never "how can my personal effort benefit society?"

As gloomy as it may seem, tonight is a reality.

ZZ.

Posted by MZZ on Wednesday, July 14, 2004 at 05:14 PM in Current Affairs |

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