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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

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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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Wednesday, January 25, 2006

Untukmu

It is known fact today that George Gallaway has been freed of all libel charges from a local newspaper. He was accused in April 2003 to have sponsored a large sum of money to Saddam Hussein's regime. His entitled damages were not reduced and stands at £150,000.

I remember singing for a small Malaysian community in 2001. It was my only public appearance together with 3 other friends. They were Nik Faiz, Fahmi, Ying and me. 5 years later and we all are headed in different directions. Nik, Fahmi and Ying are all accountants and indeed have pursued ACCA or higher. I've not listened to the song we presented together in the past 5 years as well. Managed to find a copy today. The song was originally written my Malaysia's KRU.

Untukmu Download kru_untukmu.mp3

I thought I would upload another song by them as well which was not sung by our trio.

Di Pintu Syurga Download kru_di_pintu_syurga.mp3

Thank god for music.

DZ.

Heavenpa048

Posted by MZZ on Wednesday, January 25, 2006 at 10:10 PM in Current Affairs |

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