Accounting and finance like all other business disciplines, really are as much art as they are science. The art of accounting and finance is the art of using limited data to come as close as possible to an accurate description of how well a company is performing. Accounting and finance are not reality, they are a reflection of reality and the accuracy of that reflection depends on the ability of accountants and finance professionals to make reasonable assumptions and to calculate reasonable estimates.
"Financial Intelligenceis accessible, jargon-free, and filled with entertaining stories from real companies. It will help non-financial managers add substantially more to their companies’ – and their own – success. If you have ever wanted to “talk numbers” confidently with your colleagues, this is the book for you." Business Literacy
"There is no dearth of books on finance and one can pick up any that one likes. However, one book that I would like to recommend, especially to the non-finance types, is Financial Intelligence. The primary reason for that is that the book is extremely well written, jargon-free and extremely enjoyable to read (and that is a HUGE plus in its favour)." Bluebarn
Building new knowledge of how capital markets works is everyone's job, whether you accept that or not. You are part of it, whether you know it or not. By knowingly embracing it you can know things others don'tthings finance professionals don't know yet. You needn't be a finance professor or have
Why Commodities get no respect? Too many so-called smart investors consider themselves diversified if they have money in stocks, bonds, real-estate, and/maybe, for the sophisticated, some currencies. But commodities rarely, if ever, hit the radar screen. Successful investors look for opportunities to buy value cheap and hold it long-term, regardless of
The problem with being an adult is that you can basically do anything you want; no one’s going to stop you. whether that means spending several thousand dollars on something you don’t need or excessively eating out and hurting your monthly income; no one’s there to tell you can’t do this
The ongoing turbulence in the global financial markets has drawn attention to an alternative system of financial intermediation, Islamic banking and finance. This sector has so far remained on the sidelines of the unrest. The sector has grown rapidly in recent years and this new found prominence has raised many questions
In The Big Secret for the Small Investor, bestselling author Joel Greenblatt explains to everyday investors how to value a business, and why the small investor has an inherent edge over the big investment firms that have to show results month by month, quarter by quarter, year by year. Greenblatt then goes
No matter what your profession, no matter what your company does, no matter what your life situation may be—we all follow this fundamental and deeply rooted agricultural process in some way throughout the days of our lives. We are all the new agrarians. But do we recognize ourselves as such? Have
Managers in every business are expected to use financial data to make decisions, allocate resources, and budget expenses. But the truth is; many are uncomfortable applying the most basic financial tools in their day-to-day work.
Like the income statement, the balance sheet is in many represents a work of art, not just a work of calculation.