Financial Intelligence

Financial Intelligence

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Berman, Karen | Knight, Joe Harvard Business School Publishing Corporation, 2013 Audio summary available
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IN THIS SUMMARY

In Financial Intelligence, Karen Berman and Joe Knight demystify the three most important financial reports: -the income statement, the balance sheet, and the cash flow statement. They provide practical tips for managers and employees who want to have a stronger influence on their companies’ financials. Debunking the myth that “the numbers don’t lie,” Berman and Knight show that finance is as much an art as a science—vulnerable to bias, assumption, and estimations. However, there are rules, guidelines, and accepted formulas that create commonalities in the language and practice of business finance. By building financial intelligence, employees can become competent at reading and analyzing business financials and improve their contributions to their businesses’ bottom lines.