Listen To Financial Intelligence Audiobook By Karen Berman, Joe Knight, And Tom Zingarelli

Barring that, you could pull up your employer’s and biggest competitor’s filings and work through these short chapters by yourself. I would wish for a more complete explanation of those theories, however, he goes straight to use and skips history and development. Over time, the equity section of the balance sheet shows the accumulation of profits or losses left in the business; the line is called retained earnings or sometimes accumulated earnings . Hence, please do not read the latter since the content is virtually the same as this book . Best explanation of “what the numbers really mean” that I’ve ever read. How finance is as much art as science and why the numbers aren’t as set in stone as a non-finance people might think.

Citations should be used as a guideline and should be double checked for accuracy. 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. Inc. magazine calls it one of “the best, clearest guides to the numbers” on the market.

I don’t come from a financial background, but I have to admit that this book has improved my financial literacy ten-fold. I would say it is the only financial literacy book anyone can buy as the concepts can be relayed also in personal finance. The book’s simplicity and flow is what makes it the most sophisticated and useful. The financial jargon is presented and broken down in simplistic ways. The flow of the book is superb as one chapter relates to another, making it easier for the reader to understand. The author translates complex financial terms into day-to-day words, very easy to understand. The book goes through three key components of Financial statement are Income statement, Balance Sheet and Cash Flow statement at non-financial perspective.

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. Companies expect managers to use financial data to allocate resources and run their departments. But many managers can’t read a balance sheet, wouldn’t recognize a liquidity ratio, and don’t know how to calculate return on investment. Worse, they don’t have any idea where the numbers come from or how reliable they really are. In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance–but with a twist. Financial reporting, they argue, is as much art as science. Because nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls.

It was a very interesting subject that I almost decided to switch course and be an accountant. Nevertheless, up to this day, I still find accounting not just exciting but very useful. Geared a bit more towards larger organisations than mine, but I still learned a lot. Summaries and excerpts of the latest books, special offers, and more from Harvard Business Review Press. I listened to this on a long driving trip at 1.75 speed – still clear to grasp although I’d recommend reference to the PDF downloadable mentioned at beginning of audio to walk through some of the examples for best clarity. The world’s #1 eTextbook reader for students.VitalSource is the leading provider of online textbooks and course materials. More than 15 million users have used our Bookshelf platform over the past year to improve their learning experience and outcomes.

By Karen; Knight, Joe Berman

An amazing book to introduce anyone to the world of finance. 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. 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. Since its release in 2006, Financial Intelligence has become a favorite among managers who need a guided tour through the numbers–helping them laughing at wall street to understand not only what the numbers really mean, but also why they matter. Since its release, 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. Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence gives nonfinancial managers the confidence to understand the subtlety behind the numbers—to help bring everyday work to a new level. This book provides fundamental knowledge about finances like a textbook but in the narrative style of a non-fictional book.

• I would say it is the only financial literacy book anyone can buy as the concepts can be relayed also in personal 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.
• Financial reporting, they argue, is as much art as science.
• With anytime, anywhere access and built-in tools like highlighters, flashcards, and study groups, it’s easy to see why so many students are going digital with Bookshelf.
• Geared a bit more towards larger organisations than mine, but I still learned a lot.
• Earn money by sharing your favorite books through our Affiliate program.

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. 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. 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.

The book Inc. magazine calls one of “the best, clearest guides to the numbers” on the market. After going though this book, I did feel that its good to have this knowledge as an employee from early on in ones career and totally recommend it to anyone in the workforce. The first half of the book is literally like a promo/trailer for the book and I almost gave up thinking its just one of those overpromise underdeliver kind of situation.

Trivia About Financial Intelli ..

the revised update reflect the latest situation and make the reading easy and very related. managers in large corporations with enormous insights into their financial performance. The professor at school recommends this for students with no or little experience in Finance –the way the authors http://excursionesledaperaza.com/are-trading-inside-bar-setups-reliable/ intended it to be. I listened to this via audiobook and found it very easy to follow. However I do plan on purchasing a hardcopy for future reference. The toolboxes the author’s discuss should be handy for immediate reference. You gotta really WANT it, like I did, to get through this one.

It helps the reader catch the idea with down-to-earth explanations, however, it is quite hard to structure knowledge by constantly repeating the definition of the terms. The ultimate lesson here is that companies need both profit and cash. They are different, and a healthy business requires both. Finance is an art as much as it is a science; the financial statements are prepared forex using assumptions, estimates and biases. This book is the exception to being able to jump in and understand quickly where Ms. Berman is going with her descriptions and definitions. A very accessible material for non-professionals and professionals alike. If you want to get an understanding of how the finance would have sounded like had it had a human face, read this.

Editorial Reviews

I would also suggest mentioning the PDF download at the beginning of the book as some sections like ratios need a visual representation. Millions of books are added to our site everyday and when we find one that matches your search, we’ll send you an e-mail.

We offer a Price Match Guarantee, and QuickQuote form, to make purchasing quick and easy. Earn money by sharing your favorite books through our Affiliate program. A book about finance that will actually make you smarter.

Having used a software company that sells direct to customer, I found that a lot of the commentary about opportunities for improvement on inventory turnover, float on accounts receivable, etc. was not particularly relevant. Those in more of a services industry might be similarly disappointed. Ideal way to read this would be in a corporate book club if your employer is a publicly traded company.

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A fantastic primer for understanding business financials. Berman uses simple examples to illustrate the art that goes into creating financial statements. She does a great job at teaching you how to read, interpret, and extract information from the balance sheet, income, and cash flow statements. Her explanations are geared towards business managers that will be able to use greater financial intelligence to make wise and informed decisions. Berman also covers topics such as financial ratios and ROI. It contains a good mix of small and large business examples. I recommend it for anyone making managerial decisions in a business.

It did a great job by blowing my mind, finance & accounting are not just only about numbers and facts but it is an art contains rational assumptions & estimates. Authors make the content interesting by highlighting many cases of financial shenanigans committed by various companies. By reading this, non-finance people will appreciate the machinations. And finance people will be able to relate to the rationale behind introducing various Accounting Standards on revenue recognition, leases etc. It also provides interesting examples of companies most readers are familiar with such as Apple, Boeing, Hewlett-Packard although when explaining some technicalities, the authors use simple business model eg. I find this especially useful (and probably some finance folks will, too when explaining these terms/concepts to non-finance colleagues/friends).

Anyway, this book fit a particular need for me and I’m glad to have read it. Back when I was in college I learned about the beauty of finance and accounting.

By Knight, Joe; Berman, Karen; Case, John

I have to confess that I tried to read this book several months before but stop myself because I thought this will demand that I bring out my calculator. The book has full of easy to understand examples and computations that will make us learn how a business works from financial standpoint. If you read the news regularly, you have learned a good deal in recent years about all the wonderful ways people find to cook their companies’ books. They sequester some of their properties and debts in a mysterious place known as off balance sheet.