Financial Intelligence, Revised Edition: A Manager’s Guide to Knowing What the Numbers Really Mean

Description

Financial Intelligence, Revised Edition: A Manager’s Guide to Knowing What the Numbers Really Mean, ISBN-13: 978-1422144114

[PDF eBook eTextbook]

• Publisher: ‎ Harvard Business Review Press; Revised ed. edition (February 19, 2013)
• Language: ‎ English
• 304 pages
• ISBN-10: ‎ 9781422144114
• ISBN-13: ‎ 978-1422144114

The book Inc. magazine calls one of “the best, clearest guides to the numbers” on the market.

Table of Contents:

Cover

Title Page

Copyright

Dedication

Contents

Preface: What Is Financial Intelligence?

Part One. The Art of Finance (and Why It Matters)

1. You Can’t Always Trust the Numbers

2. Spotting Assumptions, Estimates, and Biases

3. Why Increase Your Financial Intelligence?

4. The Rules Accountants Follow—and Why You Don’t Always Have To

Part One Toolbox:

Getting What You Want

The Players and What They Do

Reporting Obligations of Public Companies

Part Two. The (Many) Peculiarities of the Income Statement

5. Profit Is an Estimate

6. Cracking the Code of the Income Statement

7. Revenue: The Issue Is Recognition

8. Costs and Expenses: No Hard-and-Fast Rules

9. The Many Forms of Profit

Part Two Toolbox:

Understanding Variance

Profit at Nonprofits

A Quick Review: “Percent of” and “Percent Change”

Part Three. The Balance Sheet Reveals the Most

10. Understanding Balance Sheet Basics

11. Assets: More Estimates and Assumptions (Except for Cash)

12. On the Other Side: Liabilities and Equity

13. Why the Balance Sheet Balances

14. The Income Statement Affects the Balance Sheet

Part Three Toolbox:

Expense? Or Capital Expenditure?

The Impact of Mark-to-Market Accounting

Part Four. Cash Is King

15. Cash Is a Reality Check

16. Profit ≠ Cash (and You Need Both)

17. The Language of Cash Flow

18. How Cash Connects with Everything Else

19. Why Cash Matters

Part Four Toolbox:

Free Cash Flow

Even the Big Guys Can Run Out of Cash

Part Five. Ratios: Learning What the Numbers Are Really Telling You

20. The Power of Ratios

21. Profitability Ratios: The Higher the Better (Mostly)

22. Leverage Ratios: The Balancing Act

23. Liquidity Ratios: Can We Pay Our Bills?

24. Efficiency Ratios: Making the Most of Your Assets

25. The Investor’s Perspective: The “Big Five” Numbers and Shareholder Value

Part Five Toolbox:

Which Ratios Are Most Important to Your Business?

The Power of Percent of Sales

Ratio Relationships

Different Companies, Different Calculations

Part Six. How to Calculate (and Really Understand) Return on Investment

26. The Building Blocks of ROI

27. Figuring ROI: The Nitty-Gritty

Part Six Toolbox:

A Step-by-Step Guide to Analyzing Capital Expenditures

Calculating the Cost of Capital;

Economic Value Added and Economic Profit—Putting It All Together

Part Seven. Applied Financial Intelligence: Working Capital Management

28. The Magic of Managing the Balance Sheet

29. Your Balance Sheet Levers

30. Homing In on Cash Conversion

Part Seven Toolbox:

Accounts Receivable Aging

Part Eight. Creating a Financially Intelligent Company

31. Financial Literacy and Corporate Performance

32. Financial Literacy Strategies

33. Financial Transparency: Our Ultimate Goal

Part Eight Toolbox:

Understanding Sarbanes-Oxley

Appendix: Sample Financials

Notes

Acknowledgments

Index

About the Authors

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