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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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« A trillion questions, no answers. | Main | Tribute to parents - 2 and half decades of love »

Tuesday, February 28, 2006

Hard Times, Big Break.

Life would be ideal if things went along your way. You work to achieve your goals and expect a legitimate return. More often than not, things dont come your way. Its easy to get distracted with issues in the past albeit staying on focus. Perhaps, its not the results in the short term that determine what you get. Long term benefits, long term sacrifice.

As young adults, it is very easy to complain about imperfections. The best way to tackle problems is to know what you want and take steps to rectify IT. I learned in the past that its very easy to make enemies, and very easy to lose friends. Thank god it all happened in short span of time.

Everybody has an obligation as well as a role in society. Once you are certain of functioning the best way you can, the journey starts. How do you achieve happiness? Well, that's the trillion dollar question isn't it. If I knew the answer, I would definitely be the next Bill Gates. 

Zarique.

Aruba Boat

Posted by MZZ on Tuesday, February 28, 2006 at 04:01 PM in Current Affairs |

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