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  • Karen Berman: Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean

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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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Friday, January 27, 2006

Lagenda

More than half the African states are in debt. The African Union is headed by Nigeria. Member states are countries like Ghana, Zimbabwe, Ivory Coast and 20 others. Debt cancelation policies have been launched for many years.

It is difficult to live in debt. Most businesses survive on non-performing loans. At least this was the state of Corporate Malaysia in the early 90's. Danaharta and Danamodal including Khazanah Nasional had to be set up just for this purpose.

If you can live within your means, debt is not a problem. As a student many years ago, debt was my friend. Today, other people owe me money.

Its a wonderful circle isn't IT?Download sheila_majid_lagenda.mp3

P.S Hamas won the Palestinian elections today. They are forming the new Palestinian Government. Let us not have any more killings. One for all and all for One.

DZ.

Posted by MZZ on Friday, January 27, 2006 at 12:43 AM in Current Affairs |

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