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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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Saturday, April 14, 2007

Dreaming of you J.

I've had some wierd dreams lately. First off it was about events which took place sometime last year. Funny enough the next day, issues in the dream revealed itself in an ugly example. Corporations such as British Gas certainly are not there to provide service. The following link will enable my fellow readers out there on their shortcomings since 2003. http://news.bbc.co.uk/2/hi/business/2734925.stm

They often send lump sump bills to customers all over Great Britain when they feel like it (citing server crashing as reason). There have been numerous complaints about many issues regarding billing and the title of the article above is British Gas 'fails to bill customers'.

The majority of customers do not mind paying if the usage charges were legitimate. Most of these bills are estimates. They do not reveal the real amount of gas used for each household.

Worst off is dealing with customer services. Some of them are a bunch of incompetent operators failing to identify the customers real predicament and parroting their online scripts to most.

To sum it up, there are cases where legal action are sent uncessarily and people are pondering whether to take this corporate giant to court to claim appropriate damages.

Last night was a different dream. Much pleasant I might say. We were already meeting up for dinner and planning the day of marriage etc. I could not believe how well we got on. It makes me believe as if the past 5 years was a waste.

Miss you J.

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Posted by MZZ on Saturday, April 14, 2007 at 11:19 PM in Current Affairs |

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Comments

Zarique

Everybody needs some degree of vanity.

With all the provisions set aside and all the laws that can be made to withstand our relationship.

Isn't a little vanity worth all the trouble?

Posted by: Zarique | Saturday, June 30, 2007 at 10:21 AM

Mark Vane

Hi, Found a cool news widget for our blogs at www.widgetmate.com. Now I can show the latest news on my blog. Worked like a breeze.

Posted by: Mark Vane | Friday, June 22, 2007 at 01:25 PM

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