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

Name: Financial Intelligence A Manager's Guide to Knowing What the Numbers Really Mean
Price: 3.52 USD
Availability: InStock
ISBN: 9781591397649

ISBN-10: 1591397642

ISBN-13: 9781591397649

Edition: 2005

Authors: Karen Berman, Joe Knight, John Case

List price: $27.00

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Description:

While providing the foundation for an understanding of the financial side of business, this book provides managers with practical strategies for improving their companies' performance. It also contains stories of real companies. It is useful for nonfinancial managers in their everyday work.

Book details

List price: $27.00
Copyright year: 2005
Publisher: Harvard Business Review Press
Publication date: 1/1/2006
Binding: Hardcover
Pages: 272
Size: 6.25" wide x 9.25" long x 1.25" tall
Weight: 1.188
Language: English

Jason Stearnshas been working on the conflict in the Congo for the past ten years. In 2008 he was named by the UN Secretary General to lead a special UN investigation into the violence in the country. He has also worked for a Congolese human rights group, for the United Nations peacekeeping operation, and for the International Crisis Group. He is currently completing a PhD at Yale University.



You can't always trust the numbers


Spotting assumptions, estimates, and biases


Why increase your financial intelligence?


Profit is an estimate


Cracking the code of the income statement


Revenue : the issue is recognition


Costs and expenses : no hard-and-fast-rules


The many forms of profit


Understanding balance sheet basics


Assets : more estimates and assumptions (except for cash)


On the other side : liabilities and equity


Why the balance sheet balances


The income statement affects the balance sheet


Cash is a reality check


Profit [actual symbol not reproducible] cash (and you need both)


The language of cash flow


How cash connects with everything else


Why cash matters


The power of ratios


Profitability ratios : the higher the better (mostly)


Leverage ratios : the balancing act


Liquidity ratios : can we pay our bills?


Efficiency ratios : making the most of your assets


The building blocks of ROI


Figuring ROI : the nitty-gritty


The magic of managing the balance sheet


Your balance sheet levers


Homing in on cash conversion


Financial literacy and corporate performance


Financial literacy strategies


Financial transparency : our ultimate goal