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

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

By Karen Berman, Joe Knight, and John Case

Companies expect managers to use financial data to allocate resources and run their departments. But many managers can't read a balance sheet, wouldn't recognize a liquidity ratio, and don't know how to calculate return on investment. Worse, they don't have any idea where the numbers come from or how reliable they really are.

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Book Information

Publisher: Harvard Business Review Press
Publish Date: 02/19/2013
Pages: 304
ISBN-13: 9781422144114
ISBN-10: 1422144119
Language: English

What We're Saying

February 13, 2009

"If we are to truly understand business and the effects financial firms have on the world, we must understand the rules and the principles of accounting," starts Todd with his review in The 100 Best of Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean. What's happening in the market shows just how important understanding the numbers can be. That's where Karen Berman, Joe Knight and their writing partner, John Case come in. READ FULL DESCRIPTION

January 23, 2009

There was a post in Twitter last week with someone asking what five business books should be recommended to someone entering the workforce. I wasn't able to go back and find the post, but the question has been lingering with me as we approach the launch of The 100 Best Business Books of All Time. Where to start? READ FULL DESCRIPTION

January 12, 2009

I'm forever popping bubbles, Pretty bubblewrap in the mail. Books fly so high, Nearly reach the sky, Then like from my dreams, I wake up and try. Fortune's always hiding, to be discovered on life's trail, I'm forever popping bubbles, Pretty bubblewrap in the mail. READ FULL DESCRIPTION

Full Description

Companies expect managers to use financial data to allocate resources and run their departments. But many managers can't read a balance sheet, wouldn't recognize a liquidity ratio, and don't know how to calculate return on investment. Worse, they don't have any idea where the numbers come from or how reliable they really are. In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance--but with a twist. Financial reporting, they argue, is as much art as science. Because nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials and that sometimes the numbers can be challenged. While providing the foundation for a deep understanding of the financial side of business, the book also arms managers with practical strategies for improving their companies' performance--strategies, such as managing the balance sheet, that are well understood by financial professionals but rarely shared with their nonfinancial colleagues. Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence gives nonfinancial managers the financial knowledge and confidence for their everyday work. Karen Berman and Joe Knight are the owners of the Los Angeles-based Business Literacy Institute and have trained tens of thousands of managers at many leading organizations. Co-author John Case has written several popular books on management.

About the Authors

Karen Berman and Joe Knight founded the Business Literacy Institute. They train managers at some of America's biggest and best-known companies.

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Karen Berman and Joe Knight founded the Business Literacy Institute. They train managers at some of America's biggest and best-known companies.

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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 LA Times.

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