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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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Sunday, December 19, 2004

Hang Loose

Somebody said to me, people that don't think enough have problems determining where they are and their direction in life (but have loads of fun). On the other hand people whom think too much never have any fun at all.

You can't really force yourself not too think, to change this - self realisation is needed, much.

Everybody has a routine life, making most out of the routine is the challenge.

I guess once you've found your passion and interest on something, you put your whole heart and mind into it without expecting things to turn for the better. This is simply because people whom have high expectations really are the real losers.

They end up doing absolutely nothing.

-Peace Out-

DZ

Posted by MZZ on Sunday, December 19, 2004 at 04:55 AM in Current Affairs |

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Sharizal Shaarani

its better to have a balanced life no? all work and no fun makes jack a dull person...

Posted by: Sharizal Shaarani | Tuesday, December 21, 2004 at 03:58 PM

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