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| Preface: What Is Financial Intelligence? | |
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| The Art of Finance (and Why it Matters to HR) | |
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| You Can't Always Trust the Numbers | |
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| Spotting Assumptions, Estimates, and Biases | |
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| Why Increase Your Financial Intelligence? | |
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| Part One Toolbox: Getting what you want; Knowing the players; Human due diligence | |
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| The (Many) Peculiarities of the Income Statement | |
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| Profit Is an Estimate | |
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| Cracking the Code of the Income Statement | |
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| Revenue: The Issue Is Recognition | |
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| Costs and Expenses: No Hard-and-Fast Rules | |
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| The Many Forms of Profit | |
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| Part Two Toolbox: Variance; Percent calculations; Line of sight | |
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| The Balance Sheet Reveals the Most | |
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| Understanding Balance Sheet Basics | |
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| Assets: More Estimates and Assumptions (Except for Cash) | |
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| On the Other Side: Liabilities and Equity | |
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| Why the Balance Sheet Balances | |
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| The Income Statement Affects the Balance Sheet | |
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| Part Three Toolbox: Employees as assets; Expenses vs. capital expenditures | |
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| Cash Is King | |
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| Cash Is a Reality Check | |
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| Profit [not equal] Cash (and You Need Both) | |
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| The Language of Cash Flow | |
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| How Cash Connects with Everything Else | |
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| Why Cash Matters | |
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| Part Four Toolbox: Free cash flow; Compensation and bonus plans | |
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| Ratios: Learning What the Numbers Are Really Telling You | |
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| The Power of Ratios | |
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| Profitability Ratios: The Higher the Better (Mostly) | |
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| Leverage Ratios: The Balancing Act | |
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| Liquidity Ratios: Can We Pay Our Bills? | |
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| Efficiency Ratios: Making the Most of Your Assets | |
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| Part Five Toolbox: Key business ratios; Key HR ratios; Understanding percent of sales; Ratio relationships | |
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| How to Calculate (and Really Understand) Return on Investment | |
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| The Building Blocks of ROI | |
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| Figuring ROI: The Nitty-Gritty | |
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| Part Six Toolbox: Step-by-step analysis of capital expenditures; Deciding about outsourcing | |
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| Applied Financial Intelligence: Working Capital Management | |
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| The Magic of Managing the Balance Sheet | |
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| Your Balance Sheet Levers | |
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| Homing In on Cash Conversion | |
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| Part Seven Toolbox: Understanding accounts receivable aging | |
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| Creating a Financially Intelligent HR Department (and Organization) | |
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| Financial Literacy, Transparency, and Corporate Performance | |
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| Financial Literacy Strategies | |
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| Part Eight Toolbox: The basics of Sarbanes-Oxley; HR and Sarbanes-Oxley | |
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| Sample Financials | |
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| Exercises to Build Your Financial Intelligence-Income Statement; Balance Sheet; Cash Flow Statement; Ratios | |
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| Kimberly-Clark and FedEx Financial Statements | |
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| Notes | |
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| Acknowledgments | |
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| Index | |
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| About the Authors | |