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Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean
     

Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean

3.9 13
by Karen Berman
 

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Understanding the Financials-and What Lies Behind Them

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. Even managers who consider themselves financially savvy may not understand

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Financial Intelligence 4 out of 5 based on 0 ratings. 14 reviews.
M_L_Gooch_SPHR More than 1 year ago
As a director of HR, I am continually surprised at the number of HR professionals that are disengaged from their company's profit and loss. A recent survey of business executives validated my personal observations about my chosen profession. According to this group, HR is often viewed as follows: 1. Neither Strategic nor Leaders 2. Resists Creativity 3. Enforces Silly rules 4. Impedes Change 5. Measured on Activities not $ Results 6. Henchmen for Top Management 7. Service Only This important book will help us to address numbers 1, 5 and 7. Having at least a basic sense of the financial arena will improve our integrity and respect in the eyes of upper management. Continually developing and implementing activities with no eye to the bottom line results in the current world-view of HR. I know that many within HR will disagree with me and that is fine. I realize there are pockets of excellence but as a general rule, we are still evolving. The authors have performed the heavy lifting for us by publishing this book. It is an excellent place to start laying the financial foundation upon which we can make good decisions and grow our human resources departments into results-based teams. Their book teaches us to ask intelligent questions and to challenge the data. Most importantly, it instructs us in the imperative world of ROI. ROI should be the hallmark of every HR organization. I hope you find this review helpful. Michael L. Gooch, SPHR - Author of Wingtips with Spurs: Cowboy Wisdom for Today's Business Leaders.
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