Financial Intelligence

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

By: Karen Berman

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Hardcover | 19 February 2013

At a Glance

Hardcover
304 Pages

Edition Type
Revised

Dimensions(cm)
24.5 x 16 x 3

Hardcover

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Product Description

The book Inc. magazine calls one of "the best, clearest guides to the numbers" on the market.

Inc. magazine calls it one of "the best, clearest guides to the numbers" on the market. Readers agree, saying it''s exactly "what I need to know" and calling it a "must-read" for decision makers without expertise in finance.

Since its release in 2006, Financial Intelligence has become a favorite among managers who need a guided tour through the numbers--helping them to understand not only what the numbers really mean, but also why they matter.

This new, completely updated edition brings the numbers up to date and continues to teach the basics of finance to managers who need to use financial data to drive their business. It also addresses issues that have become even more important in recent years--including questions around the financial crisis and those around broader financial and accounting literacy.

Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence gives nonfinancial managers the confidence to understand the nuance beyond the numbers--to help bring everyday work to a new level.

Industry Reviews

"Nonfinancial managers will appreciate this nontechnical, in-depth guided tour through financial statements and financial concepts and analysis. -- Choice Magazine

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You Can Find This Book In

Non-Fiction Accounting & Finance Finance Business & Management Management & Management Techniques Management of Specific Areas Budgeting & Financial Management

Preface: What Is Financial Intelligence?	p. xi
The Art of Finance (And Why It Matters)
You Can't Always Trust the Numbers	p. 3
Spotting Assumptions, Estimates, and Biases	p. 10
Why Increase Your Financial Intelligence?	p. 17
The Rules Accountants Follow-and Why You Don't Always Have To	p. 26
Toolbox: Getting What You Want; The Players and What They Do; Reporting Obligations of Public Companies	p. 36
The (Many) Peculiarities of the Income Statement
Profit Is an Estimate	p. 43
Cracking the Code of the Income Statement	p. 48
Revenue: The Issue Is Recognition	p. 56
Costs and Expenses: No Hard-and-Fast Rules	p. 63
The Many Forms of Profit	p. 75
Toolbox: Understanding Variance; Profit at Nonprofits; A Quick Review: "Percent of" and "Percent Change"	p. 83
The Balance Sheet Reveals the Most
Understanding Balance Sheet Basics	p. 89
Assets: More Estimates and Assumptions (Except for Cash)	p. 95
On the Other Side: Liabilities and Equity	p. 106
Why the Balance Sheet Balances	p. 111
The Income Statement Affects the Balance Sheet	p. 114
Toolbox: Expense? Or Capital Expenditure?; The Impact of Mark-to-Market Accounting	p. 119
Cash Is King
Cash Is a Reality Check	p. 125
Profit ≠ Cash (and You Need Both)	p. 129
The Language of Cash Flow	p. 135
How Cash Connects with Everything Else	p. 139
Why Cash Matters	p. 148
Toolbox: Free Cash Flow; Even the Big Guys Can Run Out of Cash	p. 152
Ratios: Learning What the Numbers are Really Telling You
The Power of Ratios	p. 157
Profitability Ratios: The Higher the Better (Mostly)	p. 164
Leverage Ratios: The Balancing Act	p. 172
Liquidity Ratios: Can We Pay Our Bills?	p. 176
Efficiency Ratios: Making the Most of Your Assets	p. 179
The Investor's Perspective: The "Big Five" Numbers and Shareholder Value	p. 185
Toolbox: Which Ratios Are Most Important to Your Business?; The Power of Percent of Sales; Ratio Relationships; Different Companies, Different Calculations	p. 191
How To Calculate (And Really Understand) Return on Investment
The Building Blocks of ROI	p. 197
Figuring ROI: The Nitty-Gritty	p. 203
Toolbox: A Step-by-Step Guide to Analyzing Capital Expenditures; Calculating the Cost of Capital; Economic Value Added and Economic Profit-Putting It All Together	p. 216
Applied Financial Intelligence: Working Capital Management
The Magic of Managing the Balance Sheet	p. 225
Your Balance Sheet Levers	p. 229
Homing In on Cash Conversion	p. 234
Toolbox: Accounts Receivable Aging	p. 239
Creating a Financially Intelligent Company
Financial Literacy and Corporate Performance	p. 243
Financial Literacy Strategies	p. 249
Financial Transparency: Our Ultimate Goal	p. 257
Toolbox: Understanding Sarbanes-Oxley	p. 259
Appendix: Sample Financials	p. 261
Notes	p. 265
Acknowledgments	p. 267
Index	p. 271
About the Authors	p. 285
Table of Contents provided by Ingram. All Rights Reserved.

Financial Intelligence

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

At a Glance

Hardcover

Booktopia Comments

Product Description

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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