Financial Intelligence

A Manager's Guide to Knowing what the Numbers Really Mean

Author: Karen Berman,Joe Knight,John Case

Publisher: Harvard Business Press

ISBN: 9781591397649

Category: Business & Economics

Page: 257

View: 6590

Companies expect managers to use financial data to allocate resources and run their departments. But many managers can't read a balance sheet, wouldn't recognize a liquidity ratio, and don't know how to calculate return on investment. Worse, they don't have any idea where the numbers come from or how reliable they really are. In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance - but with a twist. Financial reporting, they argue, is as much art as science. Because nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials and that sometimes the numbers can be challenged. While providing the foundation for a deep understanding of the financial side of business, the book also arms managers with practical strategies for improving their companies' performance - strategies, such as "managing the balance sheet," that are well understood by financial professionals but rarely shared with their nonfinancial colleagues. Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence gives nonfinancial managers the financial knowledge and confidence for their everyday work. Karen Berman and Joe Knight are the owners of the Los Angeles-based Business Literacy Institute and have trained tens of thousands of managers at many leading organizations. Co-author John Case has written severalpopular books on management.
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Financial Intelligence, Revised Edition

A Manager's Guide to Knowing What the Numbers Really Mean

Author: Karen Berman,Joe Knight

Publisher: Harvard Business Review Press

ISBN: 1422144119

Category: Business & Economics

Page: 304

View: 4517

Explains what business numbers mean and why they matter, and addresses issues that have become more important in recent years, including questions about the financial crisis and accounting literacy.
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Financial Intelligence

A Manager's Guide to Knowing What the Numbers Really Mean

Author: Berman,Joe Knight,John Case

Publisher: Harvard Business Press

ISBN: 1422148149

Category:

Page: 257

View: 2675

Companies expect managers to use financial data to allocate resources and run their departments. But many managers can't read a balance sheet, wouldn't recognize a liquidity ratio, and don't know how to calculate return on investment. Worse, they don't have any idea where the numbers come from or how reliable they really are. In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance--but with a twist. Financial reporting, they argue, is as much art as science. Because nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials and that sometimes the numbers can be challenged. While providing the foundation for a deep understanding of the financial side of business, the book also arms managers with practical strategies for improving their companies' performance--strategies, such as "managing the balance sheet," that are well understood by financial professionals but rarely shared with their nonfinancial colleagues. Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence gives nonfinancial managers the financial knowledge and confidence for their everyday work. Karen Berman and Joe Knight are the owners of the Los Angeles-based Business Literacy Institute and have trained tens of thousands of managers at many leading organizations. Co-author John Case has written several popular books on management.
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Financial Intelligence for Entrepreneurs

What You Really Need to Know about the Numbers

Author: Karen Berman,Joe Knight

Publisher: Harvard Business Press

ISBN: 1422119157

Category: Business & Economics

Page: 284

View: 3875

Using the groundbreaking formula they introduced in their book Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean, Karen Berman and Joe Knight present the essentials of finance specifically for entrepreneurial managers. Drawing on their work training tens of thousands of people at leading organizations worldwide, the authors provide a deep understanding of the basics of financial management and measurement, along with hands-on activities to practice what you are reading. You'll discover: Why the assumptions behind financial data matter - What income statements, balance sheets, and cash flow statements really reveal - How to use ratios to assess your venture's financial health - How to calculate return on your investments in your enterprise - Ways to use financial information to do your own job better - How to instill financial intelligence throughout your team Authoritative and accessible, Financial Intelligence for Entrepreneurs empowers you to "talk numbers" confidently with colleagues, partners, and employees-- and fully understand how to use financial data to make better decisions for your business.
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Financial Intelligence, Revised Edition

A Manager's Guide to Knowing What the Numbers Really Mean

Author: Karen Berman,Joe Knight

Publisher: Harvard Business Press

ISBN: 1422144127

Category: Business & Economics

Page: 272

View: 4649

Inc. magazine calls it one of “the best, clearest guides to the numbers” on the market. Readers agree, saying it’s exactly “what I need to know” and calling it a “must-read” for decision makers without expertise in finance. Since its release in 2006, Financial Intelligence has become a favorite among managers who need a guided tour through the numbers—helping them to understand not only what the numbers really mean, but also why they matter. This new, completely updated edition brings the numbers up to date and continues to teach the basics of finance to managers who need to use financial data to drive their business. It also addresses issues that have become even more important in recent years—including questions around the financial crisis and those around broader financial and accounting literacy. Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence gives nonfinancial managers the confidence to understand the nuance beyond the numbers—to help bring everyday work to a new level.
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Financial Intelligence for IT Professionals

What You Really Need to Know About the Numbers

Author: Karen Berman,Joe Knight,John Case

Publisher: Harvard Business Press

ISBN: 9781422131817

Category: Business & Economics

Page: 296

View: 5559

As an IT manager, you're expected to make key decisions and recommend major investments. And that means understanding your decisions' financial impact on your company. But if you're like many information technology practitioners, you may feel uncomfortable incorporating the financials into your day-to-day work. Using the groundbreaking formula they introduced in their book Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean, Karen Berman and Joe Knight present the essentials of finance specifically for IT experts. Drawing on their work training tens of thousands of managers and employees at leading organizations worldwide, the authors illuminate the basics of financial management and measurement and provide hands-on activities for practicing what you are reading. You'll discover: · Why the assumptions behind financial data matter · What your company's income statement, balance sheet, and cash flow statement reveal · How to use ratios to assess your company's financial health · How to calculate return on IT investments · Ways to use financial information to support your company's business units and do your own job better · How to instill financial intelligence throughout your team Authoritative and accessible, Financial Intelligence for IT Professionals empowers you to "talk numbers" confidently with your boss, colleagues, and direct reports -- and understand how the financials affect your part of the business.
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Financial Intelligence for HR Professionals

What You Really Need to Know about the Numbers

Author: Karen Berman,Joe Knight,John Case

Publisher: Harvard Business Press

ISBN: 1422119130

Category: Business & Economics

Page: 292

View: 4807

As an HR manager, you're expected to use financial data to make decisions, allocate resources, and budget expenses. But if you're like many human resource practitioners, you may feel uncertain or uncomfortable incorporating financial numbers into your day-to-day work. InFinancial Intelligence for HR Professionals, Karen Berman and Joe Knight tailor the groundbreaking work they introduced in their book Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Meanto present the essentials of finance specifically for HR experts. Drawing on their work training tens of thousands of managers and employees at leading organizations worldwide, Berman and Knight provide you with a deep understanding of the basics of financial management and measurement, along with hands-on activities to practice what you are reading.
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Leveraging Your Financial Intelligence

At the Intersection of Money, Health, and Happiness

Author: Douglas Lennick,Roy Geer,Ryan Goulart

Publisher: John Wiley & Sons

ISBN: 111943078X

Category: Business & Economics

Page: 160

View: 3003

"Building Optimism " -- "Practicing Acts of Kindness " -- "Practicing Forgiveness " -- "Afterword " -- "Appendix A: Exercise: What Are Your Top Values? " -- "Appendix B: Exercise: Values and Behavior Alignment " -- "Appendix C: Exercise: What Is Your Life's Purpose?" -- "Appendix D: Exercise: Visualize Yourself Living Your Purpose" -- "Appendix E: Goal Achievement Planning " -- "Part I: Turning Wants Into Goals " -- "Part II: Goal Achievement Plan " -- "Appendix F: Exercise: Play the Freeze Game " -- "Index
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Financial Intelligence from SmarterComics

Author: Karen Berman,Joe Knight

Publisher: Smarter Comics Llc

ISBN: 9781610820059

Category: Business & Economics

Page: 60

View: 6695

Want to know what accounting numbers really mean without flatlining your pulse? Ditch the dry numbers and allow the authors, through the story of Toms bike shop, to give you easy-to-understand pointers on assets, liabilities, income statements and other finance and accounting tools of the trade. Whether your business is a sole proprietorship or a 5000 employee corporation, these vividly illustrated financial concepts and tools will keep you in the black without making you see red.
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Financial Statements

A Step-by-step Guide to Understanding and Creating Financial Reports

Author: Thomas R. Ittelson

Publisher: Red Wheel/Weiser

ISBN: 1601630239

Category: Business & Economics

Page: 285

View: 9701

Provides an introduction to financial accounting for non-financial managers by way of a transaction-based, business training tool. Includes real-life examples of how financial statements are built and how they interact to present a true financial picture of the enterprise.
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HBR Guide to Finance Basics for Managers (HBR Guide Series)

Author: Harvard Business Review

Publisher: Harvard Business Review Press

ISBN: 1422187322

Category: Business & Economics

Page: 208

View: 906

DON’T LET YOUR FEAR OF FINANCE GET IN THE WAY OF YOUR SUCCESS Can you prepare a breakeven analysis? Do you know the difference between an income statement and a balance sheet? Or understand why a business that’s profitable can still go belly-up? Has your grasp of your company’s numbers helped—or hurt—your career? Whether you’re new to finance or you just need a refresher, this go-to guide will give you the tools and confidence you need to master the fundamentals, as all good managers must. The HBR Guide to Finance Basics for Managers will help you: • Learn the language of finance • Compare your firm’s financials with rivals’ • Shift your team’s focus from revenues to profits • Assess your vulnerability to industry downturns • Use financial data to defend budget requests • Invest smartly through cost/benefit analysis
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Financial Planning, Budgeting, and Forecasting: Financial Intelligence Collection (7 Books)

Author: Harvard Business Review,Karen Berman,Joe Knight,David A. Moss,Jeremy Hope

Publisher: Harvard Business Review Press

ISBN: 1633691829

Category: Business & Economics

Page: 1601

View: 5252

Don’t let your fear of finance get in the way of your success. This digital collection, curated by Harvard Business Review, brings together everything a manager needs to know about financial intelligence. It includes Financial Intelligence, called a “must-read” for decision makers without expertise in finance; A Concise Guide to Macroeconomics, which covers the essentials of macroeconomics and examines the core ideas of output, money, and expectations; Essentials of Finance and Budgeting, which explains everything HR professionals need to know to make wise financial decisions; Ahead of the Curve, Joseph H. Ellis’s forecasting method to help managers and investors understand and predict the economic cycles that control their businesses and financial fates; Beyond Budgeting; which offers a coherent management model that overcomes the limitations of traditional budgeting; Preparing a Budget, packed with handy tools, self-tests, and real life examples to help you hone critical skills; and HBR Guide to Finance Basics for Managers, which will give you the tools and confidence you need to master the fundamentals of finance.
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Financial Intelligence for Supply Chain Managers

Understand the Link between Operations and Corporate Financial Performance

Author: Steven M. Leon

Publisher: FT Press

ISBN: 0133838641

Category: Business & Economics

Page: 256

View: 9602

Discover how your supply chain and operations work impacts financial performance, and how to align your efforts to help your company succeed — the fastest, best way to supercharge your own career! As a supply chain or operations professional, you may clearly understand your operational performance goals. But if you want to get promoted, you need to know how your day-to-day work powerfully impacts the financial metrics your top executives care about most.
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How the Trading Floor Really Works

Author: Terri Duhon

Publisher: John Wiley & Sons

ISBN: 1119966027

Category: Business & Economics

Page: 368

View: 6855

A detailed look at what really happens in the front office of an investment bank and why Trading floors have always fascinated people, but few understand the role they play in the world of finance today. Though markets rise and fall every day, the drivers of those are rarely explored. Those who understand the dynamics of trading floors will better understand the dynamics of global financial markets. This book reveals the key players on the floor, their roles and responsibilities, how they serve their clients, and how it all impacts the markets. It also explains important terminology, explains the world of trading both cash and derivatives, and much more. Includes a foreword by Gillian Tett, author of Fool's Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe. Terri Duhon (www.terriduhon.co) is a financial market expert who in 2004 founded B&B Structured Finance Ltd, which provides expert consulting and financial markets training . Her time on the trading floor has been documented in the book Fool's Gold as well as by PBS's Frontline.
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The Portable MBA in Finance and Accounting

Author: Theodore Grossman,John Leslie Livingstone

Publisher: John Wiley & Sons

ISBN: 9780470526323

Category: Business & Economics

Page: 602

View: 646

The most comprehensive and authoritative review of B-School fundamentals—from top accounting and finance professors For years, the Portable MBA series has tracked the core curricula of leading business schools to teach you the fundamentals you need to know about business-without the extreme costs of earning an MBA degree. The Portable MBA in Finance and Accounting covers all the core methods and techniques you would learn in business school, using real-life examples to deliver clear, practical guidance on finance and accounting. The new edition also includes free downloadable spreadsheets and web resources. If you’re in charge of making decisions at your own or someone else’s business, you need the best information and insight on modern finance and accounting practice. This reliable, information-packed resource shows you how to understand the numbers, plan and forecast for the future, and make key strategic decisions. Plus, this new edition covers the effects of Sarbanes-Oxley, applying ethical accounting standards, and offers career advice. • Completely updated with new examples, new topics, and full coverage of topical issues in finance and accounting—fifty percent new material • The most comprehensive and authoritative book in its category • Teaches you virtually everything you'd learn about finance and accounting in today's best business schools Whether you’re thinking of starting your own business or you already have and just need to brush up on finance and accounting basics, this is the only guide you need.
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Corporate Finance for Dummies

Author: Steve Collings

Publisher: John Wiley & Sons

ISBN: 1118743504

Category: Corporations

Page: 376

View: 9595

The maths, the formulas, and the problems associated with corporate finance can be daunting to the uninitiated, but help is at hand. Corporate Finance For Dummies, UK Edition covers all the basics of corporate finance, including: accounting statements; cash flow; raising and managing capital; choosing investments; managing risk; determining dividends; mergers and acquisitions; and valuation. It also serves as an excellent resource to supplement corporate finance coursework and as a primer for exams. Inside you?ll discover: The tools and expert advice you need to understand corporate finance principles and strategies Introductions to the practices of determining an operating budget, calculating future cash flow, and scenario analysis - in plain English Information on the risks and rewards associated with corporate finance and lending Easy?to?understand explanations and examples Help to pass your corporate finance exam!
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What the CEO Wants You to Know

How Your Company Really Works

Author: Ram Charan

Publisher: Currency

ISBN: 0553417789

Category: Business & Economics

Page: 176

View: 9442

A powerful lesson in what is really important in business, this remarkable book by an ultimate insider takes the lessons of the peddler and reveals how they can be used by the rest of us. Reminiscent of bestsellers such as "Who Moved My Cheese?" and" The One-Minute Manager, What the CEO Wants You to Know" is simple, direct, and of immense use to everyone in business.
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Keeping Up with the Quants

Your Guide to Understanding and Using Analytics

Author: Thomas H. Davenport,Jinho Kim

Publisher: Harvard Business Review Press

ISBN: 142218725X

Category: Business & Economics

Page: 240

View: 7866

A renowned thought-leader and a professor of statistics team up to provide the essential tools for enhancing thinking and decision-making in today's workplace in order to be more competitive and successful. 25,000 first printing.
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Guide to Financial Management

Understand and Improve the Bottom Line

Author: The Economist,John Tennent

Publisher: The Economist

ISBN: 1541730100

Category: Business & Economics

Page: 416

View: 8666

A practical and accessible overview of the fundamentals of business finance--now in its third edition. Managers are constantly expected to make decisions that reflect a full understanding of the financial consequences. In the absence of formal training, few people are prepared for the responsibilities of dealing with management reports, budgets, and capital proposals, and find themselves embarrassed by their lack of understanding. This book is a practical guide to understanding and managing financial responsibilities. Each chapter examines actual tasks managers have to do, from "how to assemble a budget," "how to read variances on a report," to "how to construct a proposal to invest in new equipment," exploring the principles that can be applied to each task, illustrating practical ways these principles are used, and providing guidance for implementation. Guide to Financial Management will help readers understand financial jargon, financial statements, management accounts, performance measures, budgeting, costing, pricing, decision-making, and investment appraisal. This third edition has been fully revised and expanded with detailed examples from 100 leading businesses around the world.
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Value

The Four Cornerstones of Corporate Finance

Author: McKinsey & Company Inc.,Tim Koller,Richard Dobbs,Bill Huyett

Publisher: John Wiley & Sons

ISBN: 9780470949085

Category: Business & Economics

Page: 272

View: 5061

An accessible guide to the essential issues of corporate finance While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out. Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art. Discusses the four foundational principles of corporate finance Effectively applies the theory of value creation to our economy Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions A perfect companion to the Fifth Edition of Valuation, this book will put the various issues associated with corporate finance in perspective.
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