Berman, Karen, and Joe Knight, with John Case. Financial Intelligence: A Manager’s Guide to Knowing What the Numbers Really Mean. revised ed. Boston: Harvard Business Review Press, 2013.
In Financial Intelligence, Berman and Knight teach the basics of finance—but with a twist. Financial reporting, they argue, is as much art as science. Because nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials. While providing the foundation for a deep understanding of the financial side of business, the book also arms managers with practical strategies for improving their companies’ performance—strategies ...