Summary of Financial Intelligence

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

Harvard Business Review Press, more...

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Financial Intelligence
Nonfinancial managers no longer have an excuse to be perplexed by the numbers.

Rating

8 Overall

9 Applicability

6 Innovation

8 Style

 

Review

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.

In this summary, you will learn

  • What basic financial terms and formulas mean
  • Why “financial intelligence” matters
 

Summary

Why “Financial Intelligence” Matters
You can learn to boost your financial intelligence, and the math isn’t even so complicated. Companies perform better when their managers speak the language of business – the numbers. Financially intelligent executives know how to question the number...
Get the key points from this book in less than 10 minutes.

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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    John Leonardelli 4 months ago
    This is a great introduction to finance for the non-financial manager
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    Vidyasagar B 2 years ago
    It 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.

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