Monday, June 23, 2008

Advantages that accrue from financial literacy

Book Value
Financial Intelligence for IT Professionals
Karen Berman and Joe Knight
(http://www.tatamcgrawhill.com/)

Four financial skill sets

Financial intelligence boils down to four distinct skill sets, say Karen Berman and Joe Knight in ‘Financial Intelligence for IT Professionals’. The first of these is the understanding of the foundation, the basics of financial measurement. This demands an ability to read income statements, balance sheets, and cash flow statements; and knowledge that profit and cash are different.

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