A Manager’s Guide to Knowing What the Numbers Really Mean
Nonfinancial managers no longer have an excuse to be perplexed by the numbers.
In this summary, you will learn
- What basic financial terms and formulas mean
- Why “financial intelligence” matters
|Level of Expertise|
Why you should read Financial Intelligence
Many managers do not understand their companies’ numbers, warn financial consultants Karen Berman and Joe Knight and business journalist John Case, and that can be personally and professionally detrimental. The authors’ primer on fiscal know-how addresses managers who don’t really understand how to read an income statement even though they may have to track their departments’ expenses. Accountants’ vocabulary and formulas may be intimidating, but this book can help you build your “financial intelligence,” so you can understand the basic principles of the “art of finance,” and analyze business reports individually and as part of a bigger picture. The prose can be a bit dry in spots, but this useful guide clearly explains financial concepts to the uninitiated. getAbstract recommends it to managers and employees who struggle with business numbers.
About the Authors
Karen Berman and Joe Knight own the Business Literacy Institute, a consultancy specializing in financial intelligence programs. Co-author John Case has written several business books.
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January 18, 2013 Vidyasagar BIt is covering all aspects of finance in nutshell and if other department member master's this then one day no finance department will exist in any company.