Everyone interested in building a stronger business needs to understand and use the information captured in financial statements. In Managing by the Numbers, business education and accounting experts Chuck Kremer and Ron Rizzuto team up with open-book management authority John Case to demystify the numbers. They present a practical, common-sense approach to reading financial statements and to managing the three bottom lines of business financial performance: net profit, operating cash flow, and return on assets. The book features numerous exercises and examples (with associated templates available on the Web), a powerful new management tool known as The Financial Scoreboard, and an extensive glossary. Managing by the Numbers is an essential resource for entrepreneurs, business owners, managers, and anyone eager to improve their mastery of the financial side of running a business.
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About the Author
Chuck Kremer, CPA, is Senior Business-Literacy Consultant for Boulder-based Educational Discoveries. An originator of "The Financial Game for Decision Making(TM)," he teaches financial-literacy courses to managers and executives around the country.Ron Rizzuto, PH.D., is a professor of finance at the University of Denver, where he co-founded the entrepreneurship program at the Daniels College of Business.John Case is executive editor of the newsletter division at Harvard Business School Publishing. A former senior editor and senior writer for "Inc." magazine, he is the author of numerous feature stories and several books on entrepreneurship and open-book management. Chuck Kremer, CPA, is Senior Business-Literacy Consultant for Boulder-based Educational Discoveries. An originator of "The Financial Game for Decision Making(TM)," he teaches financial-literacy courses to managers and executives around the country.Ron Rizzuto, PH.D., is a professor of finance at the University of Denver, where he co-founded the entrepreneurship program at the Daniels College of Business.John Case is executive editor of the newsletter division at Harvard Business School Publishing. A former senior editor and senior writer for "Inc." magazine, he is the author of numerous feature stories and several books on entrepreneurship and open-book management. Chuck Kremer, CPA, is Senior Business-Literacy Consultant for Boulder-based Educational Discoveries. An originator of "The Financial Game for Decision Making(TM)," he teaches financial-literacy courses to managers and executives around the country.Ron Rizzuto, PH.D., is a professor of finance at the University of Denver, where he co-founded the entrepreneurship program at the Daniels College of Business.John Case is executive editor of the newsletter division at Harvard Business School Publishing. A former senior editor and senior writer for "Inc." magazine, he is the author of numerous feature stories and several books on entrepreneurship and open-book management.
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First Sentence
WOULDN'T IT BE GREAT IF COMPANIES DIDN'T NEED accounting? Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Back Cover
WOULDN'T IT BE GREAT IF COMPANIES DIDN'T NEED accounting? Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Back Cover
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Amazon.com:
4.9 out of 5 stars
21 reviews
31 of 32 people found the following review helpful
5.0 out of 5 stars
three bottom lines
8 Aug 2000
By Buddy Del Rosario
- Published on Amazon.com
Format:Paperback
after having read the accounting game, lessons from the lemonade stand, I ordered the this book from amazon which goes more into detail the analysis of the three financials - the balance sheet, income statement and statement of cash flows. here, the authors show the importance of these and how they relate to one another. ever watch people who really know what they are doing when they examine a set of financial statements? don't you envy them? well, not anymore. as this book explain in quite easy to understand terms and that in any business there is not just one but three bottom lines which are net profit, operating cash flow(ocf) and return on assets(roa). the simple truth is that you need all these three to see the big picture. The book also applies different techniques such as the dupont equation, trend analysis and the financial scorecard in understanding a companies financials . if you ever get intimidated by financial statements, you probably don't have this book.
24 of 24 people found the following review helpful
5.0 out of 5 stars
Business literacy training, made easy
17 Jun 2000
By John Schuyler
- Published on Amazon.com
Format:Paperback
The authors do a great job of de-mystifying accounting. Finance is the language of business, and everyone, especially entrepreneurs, should know the basics. How else will you know the score? The need for this knowledge applies whether you are watching your business or the company that you work for.
The centerpiece of MANAGING BY THE NUMBERS is the "Financial Scoreboard" (a.k.a. Mobley Matrix), a clever way to visualize the interrelationships between starting and ending balance sheets, the income statement, and the cash-flow statement. The emphasis is on cash, the lifeblood of any business.
The authors also advocate sensible "three bottom-line management," where the primary monitors and measures of business health are Net Profit, Operating Cash Flow, and Return on Assets. The explanations are easy to follow and convincing. Minimal technical terms are employed, and these are explained in everyday, conversational language. A glossary summarizes key concepts.
Much of the book is written in the form of a novel: a story about a small company that sells computers to small office/home office (SOHO) businesses. This story provides most of the examples, providing a logical thread throughout.
I think this is the easiest and most satisfying way to learn a lot of accounting, comfortably, in a book of just under 200 pages. It's a great one for reading on an airplane.
12 of 12 people found the following review helpful
5.0 out of 5 stars
Lucid, logical, lovely!
31 July 2000
By Wiliam W. Casey
- Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
I got half-way into this book before it was time to take my vacation in Italy. Would a (relatively) sane person take a finance book to Tuscany? Yes, if this is the book!
It beautifully connects the dots on various key financial concepts, making them ACCESSABLE and USEFUL. Managing By The Numbers goes beyond good writing, which it has aplenty, to good thinking: it introduces a way to think about money that is as compelling as it is elegant.
Thank you, dear authors, for dispelling the fog and, at least for this business owner, handing over some dandy tools.
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4.9 out of 5 stars
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