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We recommend:
Berman, Karen, and Joe Knight, with John Case. Financial In-
telligence: 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 ba-
sics of fi nance—but with a twist. Financial reporting, they ar-
gue, is as much art as science. Because nobody can quantify ev-
erything, accountants always rely on estimates, assumptions,
and judgment calls. Savvy managers need to know how those
sources of possible bias can affect the fi nancials. While provid-
ing the foundation for a deep understanding of the fi nancial
side of business, the book also arms managers with practical
strategies for improving their companies’ performance—strat- ...