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Financial intelligence : a manager's guide to knowing what the numbers really mean / by Karen Berman and Joe Knight, with John Case

By: Berman, Karen.
Contributor(s): Knight, Joe | Case, John.
Publisher: Boston, M.A. : Harvard Business Review Press, 2013Edition: 2nd ed.Description: 284 p. : ill. ; 23 cm.ISBN: 9781422144114.Subject(s): Financial accounting | Financial statementsOnline resources: Download as an eBook
Contents:
THE ART OF FINANCE (AND WHY IT MATTERS): You can't always trust the numbers -- Spotting assumptions, estimates, and biases -- Why increase your financial intelligence? -- The rules accountants follow - and why you don't always have to -- Getting what you want; the players and what they do; reporting obligations of public companies. THE (MANY) PECULIARITIES OF THE INCOME STATEMENT : Profit is an estimate -- Cracking the code of the income statement -- Revenue: the issue is recognition -- Costs and expenses: no hard-and-fast rules --The many forms of profit -- Understanding variance; profit at non-profits; a quick review: "percent of" and "percent change". THE BALANCE SHEET REVEALS THE MOST : Understanding balance sheet basics -- Assets: more estimates and assumptions (Except for cash) -- On the other side: liabilities and equity -- Why the balance sheet balances --The income statement affects the balance sheet -- Expense? Or capital expenditure?; The impact of mark-to-market accounting. CASH IS KING : Cash is a reality check -- Profit doesn't equal cash (and you need both) -- The language of cash flow -- How cash connects with everything else -- Why cash matters -- Free cash flow; even the big guys can run out of cash. RATIOS: LEARNING WHAT THE NUMBERS ARE REALLY TELLING YOU : The power of ratios; Profitability ratios: the higher the better (mostly) -- Leverage ratios: The balancing act --Liquidity ratios: can we pay our bills? -- Efficiency ratios: Making the most of your assets -- The investor's perspective: The "big five" numbers and shareholder value -- Which ratios are most important to your business?; The power of percent of sales; ration relationships; different companies, different calculations. HOW TO CALCULATE (AND REALLY UNDERSTAND) RETURN ON INVESTMENT : The building blocks of ROI; Figuring ROI: the nitty-gritty -- a step-by-step guide to analysing capital expenditures; calculating the cost of capital; economic value added and economic profit - putting it all together. APPLIED FINANCIAL INTELLIGENCE: WORKING CAPITAL MANAGEMENT : The magic of managing the balance sheet -- Your balance sheet levers -- Homing in on cash conversion -- Accounts receivable aging. CREATING A FINANCIALLY INTELLIGENT COMPANY : Financial literacy and corporate performance -- Financial literacy strategies -- Financial transparency: Our ultimate goal -- Understanding Sarbanes-Oxley. APPENDICES - SAMPLE FINANCIALS: Sample income statement -- Sample balance sheet -- Sample cash flow statement.
Summary: Discusses financial statements, concepts and analysis from the perspective of a non-financial manager. Emphasises the importance of assumptions, estimates and biases, and provides an outline of GAAP and non-GAAP reporting. Explains how to read financial statements, calculate critical ratios, use return-on-investment tools and manage working capital. Includes a chapter on creating a financially intelligent company.
Item type Home library Call number URL Status Notes Date due Item reserves
Book Book Australia
100 BER 2013 (Browse shelf) Available
EBook EBook International
EBL Ebook (Browse shelf) Link to resource eBook Available as an ebook here
Book Book New Zealand
210 FIN (Browse shelf) Available
Total holds: 1

THE ART OF FINANCE (AND WHY IT MATTERS): You can't always trust the numbers -- Spotting assumptions, estimates, and biases -- Why increase your financial intelligence? -- The rules accountants follow - and why you don't always have to -- Getting what you want; the players and what they do; reporting obligations of public companies. THE (MANY) PECULIARITIES OF THE INCOME STATEMENT : Profit is an estimate -- Cracking the code of the income statement -- Revenue: the issue is recognition -- Costs and expenses: no hard-and-fast rules --The many forms of profit -- Understanding variance; profit at non-profits; a quick review: "percent of" and "percent change". THE BALANCE SHEET REVEALS THE MOST : Understanding balance sheet basics -- Assets: more estimates and assumptions (Except for cash) -- On the other side: liabilities and equity -- Why the balance sheet balances --The income statement affects the balance sheet -- Expense? Or capital expenditure?; The impact of mark-to-market accounting. CASH IS KING : Cash is a reality check -- Profit doesn't equal cash (and you need both) -- The language of cash flow -- How cash connects with everything else -- Why cash matters -- Free cash flow; even the big guys can run out of cash. RATIOS: LEARNING WHAT THE NUMBERS ARE REALLY TELLING YOU : The power of ratios; Profitability ratios: the higher the better (mostly) -- Leverage ratios: The balancing act --Liquidity ratios: can we pay our bills? -- Efficiency ratios: Making the most of your assets -- The investor's perspective: The "big five" numbers and shareholder value -- Which ratios are most important to your business?; The power of percent of sales; ration relationships; different companies, different calculations. HOW TO CALCULATE (AND REALLY UNDERSTAND) RETURN ON INVESTMENT : The building blocks of ROI; Figuring ROI: the nitty-gritty -- a step-by-step guide to analysing capital expenditures; calculating the cost of capital; economic value added and economic profit - putting it all together. APPLIED FINANCIAL INTELLIGENCE: WORKING CAPITAL MANAGEMENT : The magic of managing the balance sheet -- Your balance sheet levers -- Homing in on cash conversion -- Accounts receivable aging. CREATING A FINANCIALLY INTELLIGENT COMPANY : Financial literacy and corporate performance -- Financial literacy strategies -- Financial transparency: Our ultimate goal -- Understanding Sarbanes-Oxley. APPENDICES - SAMPLE FINANCIALS: Sample income statement -- Sample balance sheet -- Sample cash flow statement.

Discusses financial statements, concepts and analysis from the perspective of a non-financial manager. Emphasises the importance of assumptions, estimates and biases, and provides an outline of GAAP and non-GAAP reporting. Explains how to read financial statements, calculate critical ratios, use return-on-investment tools and manage working capital. Includes a chapter on creating a financially intelligent company.

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