
To be fair,
the book contains much of what I expected it to deliver: an overview over
financials to non-finance folks, like me.
The books’ description of the main concepts is great – especially on
Income Statement, Balance Sheet, and Cash Flow Statement. It did not hide any
details, and sort of brought, to me at least, probably a good understanding of
these financial tools, for the first time in my life. And that’s exactly what I
expected from the book!
However,
what I did not like in the book, is what it seems to me lots and lots of lines
that did not deliver in any of the
above. In many parts, the authors just go on describing lengthily why studying
finance is important, and how nice things are in a company where people
actually knows finance. Besides being superficial here (finance is important,
but there are many other important things in a successful organization), what
bothered me the most is this: if I bought this book and went on reading it, in
the first place, I am the last person that needs to be preached about the
importance of finance!
So, the
book was definitely a roller coaster for me – lots of enthusiasm when the focus
was on the financial concepts, and strong frustration at parts where it just
went on trying to convince me of something I am already convinced.
At the end,
my feeling is that the book could have had 100 pages less, and I would still
have gotten exactly the same out of it – knowledge on financial concepts, their
meanings and how finance people go about doing their jobs. And that’s why I’m
not sure if I would recommend this to other people, although I certainly
enjoyed learning what it had to teach me.
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