Financial Intelligence for Entrepreneurs
What You Really Need to Know About the Numbers
1st Edition
Published on 7. October 2008
284 pages
978-1-4221-3182-4 (ISBN)
Description
Using the groundbreaking formula they introduced in their book Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean, Karen Berman and Joe Knight present the essentials of finance specifically for entrepreneurial managers.
Drawing on their work training tens of thousands of people at leading organizations worldwide, the authors provide a deep understanding of the basics of financial management and measurement, along with hands-on activities to practice what you are reading. You'll discover:
Why the assumptions behind financial data matter
- What income statements, balance sheets, and cash flow statements really reveal
- How to use ratios to assess your venture's financial health
- How to calculate return on your investments in your enterprise
- Ways to use financial information to do your own job better
- How to instill financial intelligence throughout your team
Authoritative and accessible, Financial Intelligence for Entrepreneurs empowers you to "talk numbers" confidently with colleagues, partners, and employees-- and fully understand how to use financial data to make better decisions for your business.
Drawing on their work training tens of thousands of people at leading organizations worldwide, the authors provide a deep understanding of the basics of financial management and measurement, along with hands-on activities to practice what you are reading. You'll discover:
Why the assumptions behind financial data matter
- What income statements, balance sheets, and cash flow statements really reveal
- How to use ratios to assess your venture's financial health
- How to calculate return on your investments in your enterprise
- Ways to use financial information to do your own job better
- How to instill financial intelligence throughout your team
Authoritative and accessible, Financial Intelligence for Entrepreneurs empowers you to "talk numbers" confidently with colleagues, partners, and employees-- and fully understand how to use financial data to make better decisions for your business.
More details
Other editions
Additional editions
Karen Berman | Joe Knight
Financial Intelligence for Entrepreneurs
What You Really Need to Know About the Numbers
Book
09/2008
Harvard Business Review Press
€31.50
Shipment within 10-20 days
Persons
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.
Content
- Intro
- Contents
- Preface
- Part One The Art of Finance (and Why It Matters)
- 1 What Is Financial Intelligence?
- 2 A Primer on the Art of Finance
- Part One Toolbox
- Part Two The (Many) Peculiarities of the Income Statement
- 3 Profit Is an Estimate
- 4 Cracking the Code of the Income Statement
- 5 Revenue
- 6 Costs and Expenses
- 7 The Many Forms of Profit
- Part Two Toolbox
- Part Three The Balance Sheet Reveals the Most
- 8 Understanding Balance Sheet Basics
- 9 Assets
- 10 On the Other Side
- 11 Why the Balance Sheet Balances
- 12 The Income Statement Affects the Balance Sheet
- Part Three Toolbox
- Part Four Cash Is King
- 13 Cash Is a Reality Check
- 14 Profit =/ Cash (and You Need Both)
- 15 The Language of Cash Flow
- 16 How Cash Connects with Everything Else
- 17 Why Cash Matters
- Part Four Toolbox
- Part Five Ratios: Learning What the Numbers Are ReallyTelling You
- 18 The Power of Ratios
- 19 Profitability Ratios
- 20 Leverage Ratios
- 21 Liquidity Ratios
- 22 Efficiency Ratios
- Part Five Toolbox
- Part Six How to Calculate (and Really Understand) Return on Investment
- 23 The Building Blocks of ROI
- 24 Figuring ROI
- Part Six Toolbox
- Part Seven Applied Financial Intelligence: Working Capital Management
- 25 The Magic of Managing the Balance Sheet
- 26 Your Balance Sheet Levers
- 27 Homing In on Cash Conversion
- Part Seven Toolbox
- Part Eight Creating a Financially Intelligent Company
- 28 Financial Literacy, Transparency, and Your Business's Performance
- 29 Financial Literacy Strategies
- 30 Putting Financial Intelligence to Work
- Part Eight Toolbox
- Appendix A Sample Financials
- Appendix B Exercises to Build Your Financial Intelligence
- Appendix C Under Armour and eBay Financial Statements
- Acknowledgments
- Index
- About the Authors
