How to Raise Your Firm’s Financial IQ
We all live and die by the numbers-but do we really understand what they mean? Here’s how managers can help all employees understand cash flows and liquidity ratios.
Content: Article | Authors: Joe Knight, John Case, Karen Berman | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Finance, Management
Financial Intelligence: A Manager’s Guide to Knowing What the Numbers Really Mean
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 what goes into a financial statement, and so may take the numbers as gospel when they should be questioning them.
In … [ Read more ]
Content: Book | Authors: Joe Knight, John Case, Karen Berman | Subjects: Finance, Management