Product management and financial management are the two pillars for the survival of any enterprise. The so-called financial management is not simply accounting, cashiering, and reporting. Its essence is to conduct overall and most efficient management of the enterprise through some quantifiable data.
The author of this book is the chief financial officer of Sumitomo Mitsui, one of the world's top 500 companies. His more than 16 years of financial work experience and his colorful life experience of growing from a grassroots financial analyst to a chief financial officer enabled him to change the existing financial management in the market when writing this book. The book is either full of theories or full of data and tables, with a cold and distant look. Instead, it simplifies the extremely complicated financial management work in the eyes of ordinary people into the nine most important parts of "Five Forces and Four Tables", and analyzes the key points that readers should pay most attention to through different case stories. As the saying goes, "Understanding statements is more important than knowing marketing." This book is not only suitable for financial practitioners, but also for entrepreneurs, team leaders, managers and business owners.
Reader comments
Recommend. This book is very suitable for novices in financial management to read. The knowledge is well-informed and the cases are informative and interesting. However, you need to have a strong interest in this aspect to finish reading this book. The whole book analyzes from the aspects of development, control, operation and debt repayment. It is easy to understand and is a popular science reading. However, due to the lack of some in-depth analysis, it is not suitable for professionals who want to learn further. Financial management is a very important subject in life. Learning financial management well and knowing how to manage your property in an orderly manner is a prerequisite for having wealth.
After reading this book. You will feel that the author is a practitioner, not just a theorist. He brings his experience in financial management to the table. Great notes were taken for everyone, clear and concise. Including how to read financial statements, how to comprehensively analyze certain situations, how to avoid financial risks, how to improve work performance, etc. Are all suitable references. I think many of the examples in the book are very practical and down-to-earth in our lives. You can read it in conjunction with the course of the book "Financial Analysis and Decision-Making", which will make it much clearer.
The framework of this book is very clear. It first uses several practical cases to illustrate the importance of financial management. Tell readers what cost control capabilities, operational capabilities, profitability, and solvency are. Each chapter is supported by real-life cases. Let's talk about actual cases first, and then talk about basic concepts. Learn about a company's operations by learning to read its financial statements. Therefore, in addition to personnel management, a company is most concerned about financial management, and one must understand finance. This book is really suitable for everyone to read and study.
Few financial workers can understand the nature of financial management work from a macro perspective of enterprise management. This is also an important reason why financial workers are limited by piles of reports and find it difficult to derive meaning from their work. Based on his many years of front-line financial work experience in large multinational companies, especially his personal understanding of participating in the corporate management process, the author of this book has reconstructed the work goals, structure and processes of financial management from a high level, which is of great reference significance for readers who are struggling on the front line of financial work.
The "Five Forces and Four Tables" shared by the author are very helpful, and the key points are analyzed through case stories, making it easy to understand. I especially liked the part about corporate value in the book, which made me understand the importance of products, efficiency, and financial resources. I think this book is not only helpful to financial personnel, but also very inspiring to entrepreneurs and business managers. All in all, recommended!
Hiker humorously shares quantitative management methods that even financial laymen can learn! Those financial charts and figures that once made you shed tears, feel bitter and cry bitterly, turned out to be so easy! Knowing marketing is not as good as knowing reporting. Product management and financial management are the two pillars for the survival of any enterprise. The so-called financial management is not simply accounting, cashiering, and reporting. Its essence is to conduct overall and most efficient management of the enterprise through some quantifiable data.
Recommend. This book is very suitable for novices in financial management to read. The knowledge is well-informed and the cases are informative and interesting. However, you need to have a strong interest in this aspect to finish reading this book. The whole book analyzes from the aspects of development, control, operation and debt repayment. It is easy to understand and is a popular science reading. However, due to the lack of some in-depth analysis, it is not suitable for professionals who want to learn further. Financial management is a very important subject in life. Learning financial management well and knowing how to manage your property in an orderly manner is a prerequisite for having wealth.
After reading this book. You will feel that the author is a practitioner, not just a theorist. He brings his experience in financial management to the table. Great notes were taken for everyone, clear and concise. Including how to read financial statements, how to comprehensively analyze certain situations, how to avoid financial risks, how to improve work performance, etc. Are all suitable references. I think many of the examples in the book are very practical and down-to-earth in our lives. You can read it in conjunction with the course of the book "Financial Analysis and Decision-Making", which will make it much clearer.
The framework of this book is very clear. It first uses several practical cases to illustrate the importance of financial management. Tell readers what cost control capabilities, operational capabilities, profitability, and solvency are. Each chapter is supported by real-life cases. Let's talk about actual cases first, and then talk about basic concepts. Learn about a company's operations by learning to read its financial statements. Therefore, in addition to personnel management, a company is most concerned about financial management, and one must understand finance. This book is really suitable for everyone to read and study.
Few financial workers can understand the nature of financial management work from a macro perspective of enterprise management. This is also an important reason why financial workers are limited by piles of reports and find it difficult to derive meaning from their work. Based on his many years of front-line financial work experience in large multinational companies, especially his personal understanding of participating in the corporate management process, the author of this book has reconstructed the work goals, structure and processes of financial management from a high level, which is of great reference significance for readers who are struggling on the front line of financial work.
The "Five Forces and Four Tables" shared by the author are very helpful, and the key points are analyzed through case stories, making it easy to understand. I especially liked the part about corporate value in the book, which made me understand the importance of products, efficiency, and financial resources. I think this book is not only helpful to financial personnel, but also very inspiring to entrepreneurs and business managers. All in all, recommended!
Hiker humorously shares quantitative management methods that even financial laymen can learn! Those financial charts and figures that once made you shed tears, feel bitter and cry bitterly, turned out to be so easy! Knowing marketing is not as good as knowing reporting. Product management and financial management are the two pillars for the survival of any enterprise. The so-called financial management is not simply accounting, cashiering, and reporting. Its essence is to conduct overall and most efficient management of the enterprise through some quantifiable data.