How Finance Works: The HBR Guide to Thinking Smart About the Numbers

How Finance Works: The HBR Guide to Thinking Smart About the Numbers

4.7
Books
2019
Bestseller Rankings
#6 in Financial Accounting
#47 in Systems & Planning #223 in Business Management
#25,450 in Books

About This Book

Summary

Aims to demystify finance for non-financial individuals using conversational style, case studies, exercises, and visuals. Explains financial levers, funding, cash flow importance, value creation, and capital markets.

Key Insights

Level:
Financial levers, company funding methods, importance of cash flow, principles of value creation, role of capital markets.
Concepts:
Financial leverscompany funding methodsimportance of cash flow+2 more
Skills:
Financial leverscompany funding methodsimportance of cash flow+2 more
Relevance:
Financial leverscompany funding methodsimportance of cash flow+2 more
Applications:
Financial leverscompany funding methodsimportance of cash flowprinciples of value creation+1 more

Description

Based on a popular class taught by a Harvard Business School professor

If you're not a numbers person, then finance can be intimidating and easy to ignore

But if you want to advance in your career, you'll need to make smart financial decisions and develop the confidence to clearly communicate those decisions to others

In How Finance Works , Mihir Desai--a professor at Harvard Business School and author of The Wisdom of Finance --guides you into the complex but endlessly fascinating world of finance, demystifying it in the process

Through entertaining case studies, interactive exercises, full-color visuals, and a conversational style that belies the topic, Professor Desai tackles a broad range of topics that will give you the knowledge and skills you need to finally understand how finance works

These include: How different financial levers can affect a company's performance The different ways in which companies fund their operations and investments Why finance is more concerned with cash flow than profits How value is created, measured, and maximized The importance of capital markets in helping companies grow Whether you're a student or a manager, an aspiring CFO or an entrepreneur, How Finance Works is the colorful and interactive guide you need to help you start thinking more deeply about the numbers