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Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean
Ebook Free Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean
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Review
Nonfinancial managers will appreciate this nontechnical, in-depth guided tour through financial statements and financial concepts and analysis.” Choice Magazine
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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.
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Product details
Hardcover: 304 pages
Publisher: Harvard Business Review Press; Revised, Expanded edition (February 19, 2013)
Language: English
ISBN-10: 9781422144114
ISBN-13: 978-1422144114
ASIN: 1422144119
Product Dimensions:
6.5 x 1.5 x 9 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
180 customer reviews
Amazon Best Sellers Rank:
#5,305 in Books (See Top 100 in Books)
This book was absolutely amazing!I took about a year of accounting courses in college, but never quite learned the intricacies of financial statement analysis. I wanted to learn not only about corporate finance, but also how to analyze financial statements. Thus, my search was on.After researching book stores and reading forums online, I learned about this book, which I looked up on Amazon.com. I love books that get straight to the point, so when I saw that this book covered corporate financial management and financial statement analysis in under 300 pages, I was in!I purchased the book from Amazon and I read it in about two weeks. I literally could not put it down. The authors speak like human beings and actually make math and finance fun and interesting. In those two weeks alone, I not gained a better understanding of accounting, but I learned how to evaluate investments and make management decisions based on company finances.The book covers income statement analysis, balance sheet analysis, cash flow statement analysis, performance ratios, a bit of inventory management (like a financial intro to lean), and advanced capital expenditure analysis through concepts like discounted cash flow analysis.This book took me from feeling like I'd never understand certain things, to being able to discuss finance like an executive manager.I'm not kidding either, the book dives straight in and explains everything in a no nonsense approach.Financial Intelligence acted like a learning springboard for me by providing a foundation for me to read deeper into finance.I 100% recommend this book to anyone looking for a place to being their finance studies.
Although I have an extensive background in Finance, I chose to read this book to brush up my basics to progress in my career. To be honest, this book is one of the best investments I've made. It is one of the most simplified versions of understanding the core of any business i.e. its financial statements. I would highly recommend this book to anyone who is looking to either learn the financial side of business or simply re-touch with the basics in their free time. Very well written and excellent examples throughout each chapter make it very interesting and relatable in the real world.
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....
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!
Very good book! If you have no financial experience in your company and want to get there, this will help tremendously. I listen while I drive and then read in the rare slow moments of life. The way they lay it out helps non-financial management get a much clearer picture of what a business should and shouldn't be doing with their numbers.
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