getAbstract Summary: Get the key points from this book in less than 10 minutes.

Many managers do not understand their companies' numbers, warn financial consultants Karen Berman and Joe Knight and business journalist John Case, and that can be personally and professionally detrimental. The authors' primer on fiscal know-how addresses managers who don't really understand how to read an income statement even though they may have to track their departments' expenses. Accountants' vocabulary and formulas may be intimidating, but this book can help you build your "financial intelligence," so you can understand the basic principles of the "art of finance," and analyze business reports individually and as part of a bigger picture. The prose can be a bit dry in spots, but this useful guide clearly explains financial concepts to the uninitiated. getAbstract recommends it to managers and employees who struggle with business numbers.

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Copyright 2006 Business Literacy Institute, Inc. Summarized by permission of Harvard Business School Publishing