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Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean, by Karen Berman, Joe Knight
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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 numbershelping 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 yearsincluding 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 numbersto help bring everyday work to a new level.
- Sales Rank: #6796 in Books
- Published on: 2013-02-19
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 6.50" w x 1.50" l, 1.17 pounds
- Binding: Hardcover
- 304 pages
Review
Nonfinancial managers will appreciate this nontechnical, in-depth guided tour through financial statements and financial concepts and analysis.” Choice Magazine
About the Author
Karen Berman and Joseph Knight are the founders of the Los Angeles-based Business Literacy Institute. They train managers at organizations such as American Express, P&G, Pacific Life, GM and Tyco International. They have been interviewed in a wide range of print media including BusinessWeek, USA Today and the Los Angeles Times.
Most helpful customer reviews
12 of 13 people found the following review helpful.
Understand the numbers - Make better decisions...
By Nomme
I do have a few years (decades) of experience in the field - and many moons ago I completed most of the coursework for Ph.d. in accounting before deciding academia was not where I wanted to be. I taught the subject at the University level for more than 5 years and now train on this subject internationally. My background also includes working as an auditor and many years wearing the corporate controllers hat. I say this because I want to make clear that this book is not just for beginners, or people without a background in the field.
I recommend this book to everyone. Accounting and finance are not easy subjects especially if you jump in and start with the technical aspects of it. Put simply the better you understand the numbers - the better your business decisions will be. I view this book as providing an excellent foundation - the more you build your core knowledge of the subject the better. Remember the key in business is making better business decisions - don't be overly impressed by people who can spout GAAP at you with in terms you don't understand. The real experts can, and should, be able to translate the rules in a fashion that aids in understanding (1) why the rule is there in the first place, and (2) how it impacts you business and the decisions it makes.
This book is written in a fashion that will not put even non-accountants to sleep and it paints enough pictures with examples of accounting misdeeds to keep it interesting - and to really drive home how seemingly innocuous (in some cases) changes to how transactions are recorded and paint a very different picture of the health of an organization.
If you are in business / work - do yourself, your future and your business a favor by increasing your understanding of the numbers. This book is a great place to start....
27 of 29 people found the following review helpful.
Must read for all employees at all levels...
By inov8v
i don't normally write reviews but i have to say this is the best financial book i've ever read...i have spent the past 15 or so years at the coo level with finance reporting to me...and while i'm financially savvy, i have no formal financial education...i'm a believer that finance, like any profession or industry, gets bogged down in its own set of acronyms and language...that in and of itself creates the silos too often found in organizations...sales has it, marketing has it, hr has it, etc...etc...
i always try to break down barriers and most of my time is spent as a translator...truth be told, i've always struggled with translating the financial lingo...this book did it for me and has helped me paint a picture and tell the story behind it so everyone understands...
kudos to the authors!!!
2 of 2 people found the following review helpful.
Best place to start your finance education!
By Collin W.
Great book to introduce you to the key concepts of finance, as they apply to every person in a company. If you're working in finance, you likely already know this information, but if you're in any other department, it is the perfect book. Easy to read, easy to understand, and I have been able to apply the ideas right away. I wish this was the introductory text in MBA programs - great place to start, as finance is, more than anything, a language. I am in sales and found the ideas a great reminder of how to position the financial value of by products. I encourage anyone who wants to get ahead in their job to read this, and then think about your company and how to apply the ideas. In this day and age, financial intelligence is critical to getting ahead!
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