Financial intelligence : a manager's guide to knowing what the numbers really mean / Karen Berman, Joe Knight ; with John Case.

By:

Berman, Karen, 1962-2013

Contributor(s):

Material type: Text

TextLanguage: English Publication details: Boston, Mass. : Harvard Business Review Press, c2013.Edition: Rev. edDescription: xv, 284 pages ; 25 cmISBN:

9781422144114 (alk. paper)
1422144119

Subject(s):

DDC classification:

658.15/11

LOC classification:

HG 4028 B516f 2013

Contents:

Part I. The art of finance (and why it matters) : You can't always trust the numbers Spotting assumptions, estimates, and biases Why increase your financial intelligence? The rules accountants follow: and why you don't always have to Part I toolbox : Getting what you want; The players and what they do; Reporting obligations of public companies Part II. The (many) peculiarities of the income statement: 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 Part II toolbox : Understanding variance; Profit at nonprofits; A quick review: "percent of" and "percent change" Part III. The balance sheet reveals the most : 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 Part III toolbox : Expense? Or capital expenditure?; The impact of mark-to-market accounting Part VI. Cash is king : Cash is a reality check Profit [does not equal] cash (and you need both) The language of cash flow How cash connects with everything else Why cash matters Part IV toolbox : Free cash flow; Even the big guys can run out of cash Part V. Ratios: learning what the numbers are really telling you : 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 investor's perspective: the "big five" numbers and shareholder value Part V toolbox : Which ratios are most important to your business?; The power of percent of sales; ratio relationships; Different companies, different calculations Part VI: How to calculate (and really understand) return on investment : The building blocks of ROI Figuring the ROI: the nitty-gritty Part VI 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 Part VII. Applied financial intelligence: working capital management : The magic of managing the balance sheet Your balance sheet levers Homing in on cash conversion Part VII toolbox : Accounts receivable aging Part VIII. Creating a financially intelligent company : Financial literacy and corporate performance Financial literacy strategies Financial transparency: our ultimate goal Part VIII toolbox : Understanding Sarbanes-Oxley Appendix: Sample financials

Summary: ""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."

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Holdings
Item type	Current library	Home library	Collection	Shelving location	Call number	Copy number	Status	Date due	Barcode
Libro	Biblioteca Juan Bosch	Biblioteca Juan Bosch	Ciencias Sociales	Ciencias Sociales (3er. Piso)	HG 4028 B516f 2013 (Browse shelf(Opens below))	1	Available		00000165222

Includes bibliographical references (p. [265]-266) and index.

Part I. The art of finance (and why it matters) : You can't always trust the numbers
Spotting assumptions, estimates, and biases
Why increase your financial intelligence?
The rules accountants follow: and why you don't always have to
Part I toolbox : Getting what you want; The players and what they do; Reporting obligations of public companies
Part II. The (many) peculiarities of the income statement: 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
Part II toolbox : Understanding variance; Profit at nonprofits; A quick review: "percent of" and "percent change"
Part III. The balance sheet reveals the most : 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
Part III toolbox : Expense? Or capital expenditure?; The impact of mark-to-market accounting
Part VI. Cash is king : Cash is a reality check
Profit [does not equal] cash (and you need both)
The language of cash flow
How cash connects with everything else
Why cash matters
Part IV toolbox : Free cash flow; Even the big guys can run out of cash
Part V. Ratios: learning what the numbers are really telling you : 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 investor's perspective: the "big five" numbers and shareholder value
Part V toolbox : Which ratios are most important to your business?; The power of percent of sales; ratio relationships; Different companies, different calculations
Part VI: How to calculate (and really understand) return on investment : The building blocks of ROI
Figuring the ROI: the nitty-gritty
Part VI 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
Part VII. Applied financial intelligence: working capital management : The magic of managing the balance sheet
Your balance sheet levers
Homing in on cash conversion
Part VII toolbox : Accounts receivable aging
Part VIII. Creating a financially intelligent company : Financial literacy and corporate performance
Financial literacy strategies
Financial transparency: our ultimate goal
Part VIII toolbox : Understanding Sarbanes-Oxley
Appendix: Sample financials

""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."

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