Financial Intelligence

A Manager's Guide to knowing What the Numbers Really Mean

by John Case , Karen Berman , Joe Knight

Number of pages: 288

Publisher: Harvard Business Press

BBB Library: Economics and Investment

ISBN: 9781591397649

About the Authors

John Case : Joe Knight, Partner and Senior Consultant with the Business Literacy Institute,


Karen Berman : Dr. Karen Berman, founder and president of the Business Literacy Institute,


Joe Knight : Joe Knight, Partner and Senior Consultant with the Business Literacy Institute,


Editorial Review

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.

Book Reviews

"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

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Wisdom to Share

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.

The difference between what a company owns and what it owes represents equity.

Like the income statement, the balance sheet is in many represents a work of art, not just a work of calculation.

Remember: if assets don't equal liabilities and equity, you do not have a balance sheet.

Cash is a reality check for any company. In simple terms, if you run out of cash, you cannot stay in business.