Details

Understanding financial matters and what is behind them is that managers in every commercial or industrial project are expected to use financial statements to make decisions, allocate resources, and budget expenses. But the fact is that many of them are uncomfortable with applying the most basic financial tools in their daily work. Even the managers who consider themselves with financial ingenuity may not understand what falls in a financial statement, and so they may consider the numbers a fact, no doubt while they must question them. In the Financial Intelligence Book, Karen Berman and Joe Knight presented the fundamental things in the financial field, but with an additional dimension. The chapters are tightly brief, and easy reading learns the basic things that each one can understand and occupy immediately. But the authors also take you beyond the scenes to show where the numbers came from. But although there is no one who can convert everything into quantities, financial accountants and executives always depend on estimates, assumptions, and calls for diligence, which may deviate from numbers in a direction or another. This book helps you to realize and understand these deviations, challenge or correct them when necessary, and to use information to be a better manager. Berman and Night, based on their work in training thousands of managers and those in many leadership organizations, provide readers with a deep understanding of the following: • The basics of financial measurement: reading income data, budget statements, and cash flow flow data. • The art of financial resources management: separating real data from assumptions and speculation. • Analysis mechanisms: calculation of proportions, investment returns, and operational capital. • Money and profit: Knowing the difference between them, and why liquid criticism suddenly is the hot number in corporate boards and in Wall Street. • Knowing the financial and transparent principles: realizing how they can enhance performance. The financial intelligence book is easy to reach, which is free of vague tubes, full of fun stories from real companies, and non -financial managers will help to add more great success to their companies - and for themselves - if you want to speak the language of numbers with confidence with your colleagues, then this is the book What you need.