Financial Intelligence.

Financial Intelligence

Karen Berman & Joe Knight

Harvard Business School Press

60 Harvard Way, Boston, MA 02163

1591397642 $24.95 www.hbspress.org

Financial Intelligence: A Manager's Guide To Knowing What The Numbers Really Mean by Karen Berman and Joe Knight (owners of the Los Angeles-based Business Literacy institute) with management expert John Case is an innovative and "user friendly" instructional guide to proper and intelligible management of finances and business oriented decision making. Financial Intelligence is an impressive compendium of guidelines and information including the basics of financial measurement, reading income statements, balancing sheets, cash flow statements, separating hard data from the assumptions and estimates, the mechanics of analysis, calculating ratios, return on investment, working on capital, knowing the difference between cash and profit, financial literacy and transparency and how to recognize how the two can boost performance. Financial Intelligence is very strongly recommended to all business managers, both the novice and the experienced, as everyone has something to learn.