Read Online Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean By Karen Berman,Joe Knight

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Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean-Karen Berman,Joe Knight

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Ebook About
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.

Book Financial Intelligence, Revised Edition: A Manager's Guide to Knowing What the Numbers Really Mean Review :



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 only 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 begin their finance studies.
I have little finance background but I still found the coverage of topics in this book to be superficial and excessively watered/dumbed down. It feels like it is written for an audience of 10th graders. It will introduce you some core tenets of understanding the finances behind your company, but there is absolutely no depth here. The book touches ever so slightly on each topic, almost in tantalizing fashion, sometimes dropping remarks such as "much more on this in chapter 17", but without ever delivering any satisfying or enlightening substance.And don't let the chapters labeled as Toolboxes fool you - you will not be able to take what you learn from this book and dissect your company's 10K report. In fact I think I have no better idea as to where or how to start analyzing my company's finances after reading this book. I would say I am disappointed in this book, and the only thing keeping me going is that the chapters are brief and I know it will be over soon enough.

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