By Karen Berman
Businesses anticipate managers to take advantage of monetary information to allocate assets and run their departments. yet many managers cannot learn a stability sheet, would not realize a liquidity ratio, and do not know the way to calculate go back on funding. Worse, they do not have any notion the place the numbers come from or how trustworthy they are surely. In monetary Intelligence, Karen Berman and Joe Knight train the fundamentals of finance--but with a twist. monetary reporting, they argue, is as a lot artwork as technological know-how. simply because not anyone can quantify every thing, accountants continuously depend on estimates, assumptions, and judgment calls. Savvy managers want to know how these assets of attainable bias can have an effect on the financials and that typically the numbers should be challenged. whereas offering the basis for a deep figuring out of the monetary aspect of commercial, the e-book additionally hands managers with useful concepts for bettering their businesses' performance--strategies, resembling "managing the stability sheet," which are good understood through monetary pros yet hardly shared with their nonfinancial colleagues. available, jargon-free, and jam-packed with enjoyable tales of actual businesses, monetary Intelligence provides nonfinancial managers the monetary wisdom and self assurance for his or her daily paintings. Karen Berman and Joe Knight are the proprietors of the Los Angeles-based company Literacy Institute and feature expert tens of hundreds of thousands of managers at many top corporations. Co-author John Case has written numerous renowned books on administration.