Financial Intelligence for HR Professionals : What You Really Need to Know about the Numbers

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ISBN: 9781422119136 | 1422119130
Cover: Paperback
Copyright: 4/15/2008

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As An HR Professional, you know that companies win with talent. But business is run by numbers-and if you don't understand what the numbers mean and how they impact your business, you are limiting the role you can play in your company's success.

Preface: What Is Financial Intelligence?	p. xi
The Art of Finance (and Why it Matters to HR)
You Can't Always Trust the Numbers	p. 3
Spotting Assumptions, Estimates, and Biases	p. 10
Why Increase Your Financial Intelligence?	p. 17
Part One Toolbox: Getting what you want; Knowing the players; Human due diligence	p. 29
The (Many) Peculiarities of the Income Statement
Profit Is an Estimate	p. 35
Cracking the Code of the Income Statement	p. 41
Revenue: The Issue Is Recognition	p. 49
Costs and Expenses: No Hard-and-Fast Rules	p. 55
The Many Forms of Profit	p. 67
Part Two Toolbox: Variance; Percent calculations; Line of sight	p. 73
The Balance Sheet Reveals the Most
Understanding Balance Sheet Basics	p. 79
Assets: More Estimates and Assumptions (Except for Cash)	p. 85
On the Other Side: Liabilities and Equity	p. 95
Why the Balance Sheet Balances	p. 100
The Income Statement Affects the Balance Sheet	p. 103
Part Three Toolbox: Employees as assets; Expenses vs. capital expenditures	p. 108
Cash Is King
Cash Is a Reality Check	p. 113
Profit [not equal] Cash (and You Need Both)	p. 117
The Language of Cash Flow	p. 124
How Cash Connects with Everything Else	p. 128
Why Cash Matters	p. 136
Part Four Toolbox: Free cash flow; Compensation and bonus plans	p. 140
Ratios: Learning What the Numbers Are Really Telling You
The Power of Ratios	p. 145
Profitability Ratios: The Higher the Better (Mostly)	p. 151
Leverage Ratios: The Balancing Act	p. 157
Liquidity Ratios: Can We Pay Our Bills?	p. 161
Efficiency Ratios: Making the Most of Your Assets	p. 164
Part Five Toolbox: Key business ratios; Key HR ratios; Understanding percent of sales; Ratio relationships	p. 171
How to Calculate (and Really Understand) Return on Investment
The Building Blocks of ROI	p. 177
Figuring ROI: The Nitty-Gritty	p. 184
Part Six Toolbox: Step-by-step analysis of capital expenditures; Deciding about outsourcing	p. 195
Applied Financial Intelligence: Working Capital Management
The Magic of Managing the Balance Sheet	p. 201
Your Balance Sheet Levers	p. 204
Homing In on Cash Conversion	p. 210
Part Seven Toolbox: Understanding accounts receivable aging	p. 214
Creating a Financially Intelligent HR Department (and Organization)
Financial Literacy, Transparency, and Corporate Performance	p. 217
Financial Literacy Strategies	p. 223
Part Eight Toolbox: The basics of Sarbanes-Oxley; HR and Sarbanes-Oxley	p. 230
Sample Financials	p. 233
Exercises to Build Your Financial Intelligence-Income Statement; Balance Sheet; Cash Flow Statement; Ratios	p. 237
Kimberly-Clark and FedEx Financial Statements	p. 265
Notes	p. 273
Acknowledgments	p. 275
Index	p. 279
About the Authors	p. 293
Table of Contents provided by Ingram. All Rights Reserved.

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Financial Intelligence for HR Professionals : What You Really Need to Know about the Numbers

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