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

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About this item:

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.

Editorial Reviews

Review

"Nonfinancial managers will appreciate this nontechnical, in-depth guided tour through financial statements and financial concepts and analysis. -- Choice Magazine

About the Author

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 Los Angeles Times.

Review:

4.9 out of 5

98.46% of customers are satisfied

5.0 out of 5 stars Most approachable and helpful finance book I have read

C.H. · February 20, 2024

They tell great stories, explain financial concepts in a digestible manner that makes a financial book easy and enjoyable to read! I learned a significant amount from this book.I definitely recommend it.

5.0 out of 5 stars Understand the numbers - Make better decisions...

K.C. · August 6, 2014

I do have a few years (decades) of experience in the field - and many moons ago I completed most of the coursework for Ph.d. in accounting before deciding academia was not where I wanted to be. I taught the subject at the University level for more than 5 years and now train on this subject internationally. My background also includes working as an auditor and many years wearing the corporate controllers hat. I say this because I want to make clear that this book is not just for beginners, or people without a background in the field. I recommend this book to everyone. Accounting and finance are not easy subjects especially if you jump in and start with the technical aspects of it. Put simply the better you understand the numbers - the better your business decisions will be. I view this book as providing an excellent foundation - the more you build your core knowledge of the subject the better. Remember the key in business is making better business decisions - don't be overly impressed by people who can spout GAAP at you with in terms you don't understand. The real experts can, and should, be able to translate the rules in a fashion that aids in understanding (1) why the rule is there in the first place, and (2) how it impacts you business and the decisions it makes.This book is written in a fashion that will not put even non-accountants to sleep and it paints enough pictures with examples of accounting misdeeds to keep it interesting - and to really drive home how seemingly innocuous (in some cases) changes to how transactions are recorded and paint a very different picture of the health of an organization.If you are in business / work - do yourself, your future and your business a favor by increasing your understanding of the numbers. This book is a great place to start....

4.0 out of 5 stars Fundamental managerial finance concepts explained well

G. · May 21, 2024

Managerial Finance concepts explained in easily understandable manner with well illustrated simple examples. Highly recommended book.

5.0 out of 5 stars Great book

R. · May 24, 2024

Insightful with clear real life examples

5.0 out of 5 stars Recommend

K. · October 8, 2024

This book explains a lot about what accounting is creating in a financial statement. Helps you understand what you should be evaluating in combination with the net profit / loss.

5.0 out of 5 stars Book

M. · September 3, 2024

Got a lot of information about numbers and how to read your P and L

5.0 out of 5 stars A great book on Finance.

A.C. · December 30, 2023

This book is replete with financial insight. It's an easy read even for non financial executive. Highly recommended to become a financial savvy.

5.0 out of 5 stars Exactly what I was looking for!

C.C. · February 21, 2021

This was exactly what I was looking for! The best financial book I've ever read for non-financial managers. It really helped my understanding of corporate finance. I think very helpful for a small business owner as well to understand their business and starting thinking like a big business when making important financial decisions. It's important to note that this is not an accounting book (as the authors stated) and details of charts of accounts are left out. That said, it was clearly stated what the purpose was and it nailed it. I've purchased the book for my son who is in college studying business and was confused by his professors - I think it will help him clear things up. I plan on buying more for my colleagues. As crazy as it sounds, it was hard to put down - I just kept wanting to read more as it explained all the voodoo finance so well. Every business owner, sales rep, manager or anyone wishing to understand how finance is used for decision making should buy this book.

A great refrence book

N.M. · March 10, 2023

This book makes Finance so easy to understand!

Excellent

R.K. · June 17, 2024

Very useful book, easy to read for everyone

Inferencing financial statements

S. · March 23, 2023

Loved that the book did not just give dry definitions of financial kpis but explained how to infer health of organization from it

THIS IS NOT A PERSONAL FINANCE BOOK

E.D. · October 24, 2020

If you are looking a book for personal finances this is not it. Here is a quote from the book "It's written not for would-be accountants but for people in organizations - leaders, managers, employees- who need to understand what is happening in their company from a financial perspective and who can use this information to work and manage more effectively".I made a mistake of not researching thoroughly and buy this book expecting to learn about personal finances, that's why I'll be giving 5 stars. I skipped and read some pages and can tell that is very well written, so I'll keep it for the future (i'm still in college and not experienced in business). This was the very first book I bought for finances so I can't give any recommendations about how useful or not is this book. It is has a very pretty hard red cover.

Well worth reading!

p. · February 15, 2020

An excellent book that explains complex ideas and concepts very simply for non-accountants. I wish I'd read this when I was doing my MBA as it would have been a great primer for the finance and accounting modules. Currently reading it as a refresher and really enjoying it.

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

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