,Financial Intelligence
,REVISED EDITION
Financial Intelligence
A Manager’s Guide to Knowing What the
Numbers Really Mean
KAREN BERMAN
JOE KNIGHT
with JOHN CASE
HARVARD BUSINESS REVIEW PRESS
BOSTON, MASSACHUSETTS
, Copyright 2013 Business Literacy Institute, Inc.
All rights reserved
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1
The web addresses referenced in this book were live and correct at the time of the book’s publication
but may be subject to change.
No part of this publication may be reproduced, stored in or introduced into a retrieval system, or
transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or
otherwise), without the prior permission of the publisher. Requests for permission should be directed
to , or mailed to Permissions, Harvard Business School Publishing, 60
Harvard Way, Boston, Massachusetts 02163.
Library of Congress Cataloging-in-Publication Data
Berman, Karen, 1962–
Financial intelligence : a manager’s guide to knowing what the numbers really mean / Karen
Berman and Joe Knight ; with John Case. — 2nd ed., rev. and expanded.
p. cm.
ISBN 978-1-4221-4411-4 (alk. paper) — ISBN 978-1-4221-4411-4 (e-book)
1. Financial statements. 2. Cash management. 3. Corporations—Finance. I. Knight, Joe, 1963– II.
Case, John, 1944– III. Title.
HG4028.B2B422 2013
658.15′11—dc23
2012039043
The paper used in this publication meets the minimum requirements of the American National
Standard for Information Sciences—Permanence of Paper for Printed Library Materials, ANSI
Z39.48-1992.
,REVISED EDITION
Financial Intelligence
A Manager’s Guide to Knowing What the
Numbers Really Mean
KAREN BERMAN
JOE KNIGHT
with JOHN CASE
HARVARD BUSINESS REVIEW PRESS
BOSTON, MASSACHUSETTS
, Copyright 2013 Business Literacy Institute, Inc.
All rights reserved
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1
The web addresses referenced in this book were live and correct at the time of the book’s publication
but may be subject to change.
No part of this publication may be reproduced, stored in or introduced into a retrieval system, or
transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or
otherwise), without the prior permission of the publisher. Requests for permission should be directed
to , or mailed to Permissions, Harvard Business School Publishing, 60
Harvard Way, Boston, Massachusetts 02163.
Library of Congress Cataloging-in-Publication Data
Berman, Karen, 1962–
Financial intelligence : a manager’s guide to knowing what the numbers really mean / Karen
Berman and Joe Knight ; with John Case. — 2nd ed., rev. and expanded.
p. cm.
ISBN 978-1-4221-4411-4 (alk. paper) — ISBN 978-1-4221-4411-4 (e-book)
1. Financial statements. 2. Cash management. 3. Corporations—Finance. I. Knight, Joe, 1963– II.
Case, John, 1944– III. Title.
HG4028.B2B422 2013
658.15′11—dc23
2012039043
The paper used in this publication meets the minimum requirements of the American National
Standard for Information Sciences—Permanence of Paper for Printed Library Materials, ANSI
Z39.48-1992.
