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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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« Good Times | Main | 1 year ago, today.. »

Thursday, November 25, 2004

Birthdays

What is it about Birthdays that make it a special occasion? I mean fine, you were born 27 years ago but what's the big deal?

I can't answer the question but one thing for sure is, Birthdays are a lot of fun when your 6!

I remember very clearly when literally swamps of family and friends attending my birthday parties through the ages of 1 to 12. It wasn't the cakes, it wasnt the sweets neither were they the presents, it was pure fun and amongst the joys of being a kid. It was also times where materialism didn't matter and people were together. All in one sentence, the 80's rock.

Stinking of gym sweat as I am continuing writing, Birthdays are most meaningful when celebrated with your parents. You'd be thanking your lucky stars for them, otherwise our very existence would be diminished.

Last but not least, do enjoy your birthdays regardless of race, religion or materialised wealth.

Ku Keys!

Posted by MZZ on Thursday, November 25, 2004 at 01:36 PM in Current Affairs |

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