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Review
the best, clearest guides to the numbers that I know of.” Inc. Magazine
About the Author
Karen Berman and Joe Knight founded the Business Literacy Institute. They train managers at some of America's biggest and best-known companies. John Case has written or collaborated on several successful books. He has also written for Inc., Harvard Business Review, and other business publications.
Review:
4.8 out of 5
95.38% of customers are satisfied
5.0 out of 5 stars Does what it says on the cover.
If you're relatively new to finance and accounting this book is a real eye opener.It explains a great deal about what the numbers mean and how they affect you. I was especially blown away by the revelation that these number aren't as precise as most people would have you believe. This book gives you a more realistic perspective of the financial statements, it explains the role of accountants and how financial statements can be manipulated to 'look' more attractive depending on whose looking at them (bank managers, investors, owners etc).It even goes into some detail about how various companies took these adjustments to extreme levels and abused some of the tools when creating financial statements to make the company look better off (and the eventual demise of these companies through these questionable practices). But most of the book is about how to better understand and manage your financial figures more intelligently.It teaches you how to interpret your own financial statements of your business and how to better understand your business's financial position (as well as applying these tools to other companies).Surprisingly this book isn't just pages of numbers and accounting case studies, it's more of a guidebook for the average person. There are a few bits of jargon in this book that may make some readers stumble a little. However, the book does do a fantastic job at explaining all the important facets of an otherwise over-complicated subject in easy to understand terms.If you've studied basic accounting before but still struggle with a financial statements and their implications, this book will definitely help.This book is also essential reading for anyone who wants to run their own business someday but are a little in the dark when it comes to financial and accounting matters.Overall, a great book, well written, insightful, and a rare yet essential text for those interested in the subject. My only irk is that this book alone won't answer all your financial questions, but it is still essential reading and a good addition to your knowledge-base on the subject.
5.0 out of 5 stars A great book
Excellent book. Great format In terms of breaking down financial statements. The right blend of layman's terms with technical terms and concepts explained throughout. Exercises at the back of the book theory applicable to real financial statements. The aim of the author was to remove the 'mystery' from accounting, an aim which they 100% met.
4.0 out of 5 stars Four Stars
A great book for understanding the numbers for beginners.
5.0 out of 5 stars Best book on finance!
I've done MBA, worked on a number of IT projects which involved finance and I have read a number of books on finance.This book explains the fundamentals in the best possible language.It even helped me to better implement finance management in my own business.
5.0 out of 5 stars Great book
It’s great book, no matter if you are just starting out entrepreneur or experienced one knowledge in this book is one of the keys to a successful business.
5.0 out of 5 stars Recommended for business owners and investors
An excellent all-rounder for getting to grips with the financial aspects of business. Questions I've always had have been answered concisely. I finished this book with a good understanding of P&L, Balance Sheets and, to a lesser extent, Cash Flow.
5.0 out of 5 stars Download for Kindle on windows.
It was very convenient to download this book to be read on Kindle for windows. The content of the book is written in simple understandable language and is actually quite interesting for a finance book.
5.0 out of 5 stars Great read
Gives you the basics of accounting needed for entrepreneurship. Would highly recommend to anyone thinking of starting their own business.
Must Read Financial Guide
“Financial Intelligence for Entrepreneurs” is an outstanding book that every entrepreneur should read. The authors have done a fantastic job of breaking down complex financial concepts into easy to understand explanations, making the learning process both engaging and effective.The book is incredibly didactic, guiding you step-by-step through the essentials of financial literacy necessary for running a successful business. As I read through each chapter, I found myself gaining insights and practical knowledge that I could immediately apply to my entrepreneurial endeavors.Don’t be intimidated by the subject matter; the authors’ clear and concise writing ensures that you’ll walk away with a solid grasp of financial intelligence. Trust me, the benefits you’ll gain from reading this book are immense. It’s a must-read for anyone serious about mastering their business finances and driving their venture to new heights.
it's easy to digest
I stumbled across this (or, really, algorithm recommendation) this summer, sadly after I finished my first grad degree. Now on my second grad degree, one of my professors assigned us this book. If you're not a business analytics, accountant, or hard core MBA but need to understand the "basics plus" of finance, then you should read this book. It's written for us normal people, it's easy to digest, and even has exercises in the back you can work through. Paired with some online classes like Lynda.com (I'm not paid, I just like to round out my learning with some "lectures" vice only reading) you should be able to understand what finance people are talking about as it relates to your business.
Must read
We often take financial principles for granted, and assume that everyone working in an organization would be well aware of these. However, it really often is not the case. This book lays out the fundamental principles of reading financial statements and understanding the basics. The message of the book is clear: finance isn't a science, but an art; and knowing every assumption behind the numbers will make you realize what is actually going on
The best book that I've found on finance for business. Highly digestible and not dry in the least.
I expected this book to put me to sleep. However, I found that the information was incredibly easy to digest. The authors do an absolutely amazing job turning what could easily be one of the dryest subjects into a pleasant read packed with vital information for any business owner. Highly recommended.
Slightly disappointing
I am not a "finance guy", however was still left a bit disappointed by the little insights I gained from this book.I was missing more practical "hacks" and tricks on how to set up finance in a startup in the real world.
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Financial Intelligence for Entrepreneurs: What You Really Need to Know About the Numbers (Harvard Financial Intelligence)
BHD20071
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Product origin: United Kingdom
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