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HBR Guide to Finance Basics for Managers (HBR Guide Series) Paperback – October 2, 2012

4.5 4.5 out of 5 stars 497 ratings

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DON’T LET YOUR FEAR OF FINANCE GET IN THE WAY OF YOUR SUCCESS

Can you prepare a breakeven analysis? Do you know the difference between an income statement and a balance sheet? Or understand why a business that’s profitable can still go belly-up? Has your grasp of your company’s numbers helped―or hurt―your career?

Whether you’re new to finance or you just need a refresher, this go-to guide will give you the tools and confidence you need to master the fundamentals, as all good managers must.

The HBR Guide to Finance Basics for Managers will help you:

  • Learn the language of finance
  • Compare your firm’s financials with rivals’
  • Shift your team’s focus from revenues to profits
  • Assess your vulnerability to industry downturns
  • Use financial data to defend budget requests
  • Invest smartly through cost/benefit analysis

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From the Publisher

HBR Guide Series

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Packed with useful tips and practical advice from leading experts.

Editorial Reviews

About the Author

Harvard Business Review is the leading destination for smart management thinking. Through its flagship magazine, 11 international licensed editions, books from Harvard Business Review Press, and digital content and tools published on HBR.org, Harvard Business Review provides professionals around the world with rigorous insights and best practices to lead themselves and their organizations more effectively and to make a positive impact.

Author social media/website info: hbr.org, @HarvardBiz

Product details

  • Publisher ‏ : ‎ Harvard Business Review Press; 1st edition (October 2, 2012)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 192 pages
  • ISBN-10 ‏ : ‎ 1422187306
  • ISBN-13 ‏ : ‎ 978-1422187302
  • Item Weight ‏ : ‎ 2.31 pounds
  • Dimensions ‏ : ‎ 5 x 0.75 x 9 inches
  • Customer Reviews:
    4.5 4.5 out of 5 stars 497 ratings

About the author

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Karen Dillon
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KAREN DILLON is a former editor of the Harvard Business Review and co-author of three books with Harvard Business School professor Clayton Christensen, including the New York Times bestseller How Will You Measure Your Life? She is also the co-author The Microstress Effect: How Little Things Pile Up and Create Big Problems – and What to Do about It, which was named one of Thinkers50 Best Management Books of 2023. Currently on the faculty of Intermountain Healthcare Leadership Institute and a contributing editor to Harvard Business Review, Dillon was previously named by Ashoka as one of the world’s most influential and inspiring women.

Customer reviews

4.5 out of 5 stars
497 global ratings

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Customers say

Customers find the book concise and easy to understand. It provides a useful introduction to finance concepts, with clear explanations of financial terms and ideas. The book covers the basics of income statement, balance sheet, and cash flow statement. Readers appreciate the clear presentation of content that is simple to follow and practical.

AI-generated from the text of customer reviews

31 customers mention "Readability"31 positive0 negative

Customers find the book concise and helpful. They say it's a great reference guide for finance and project management. The book covers the basics and is a must-read for entrepreneurs.

"If you’re inexperienced in finance, this is a great crash course and reference guide, especially the glossary...." Read more

"This book was a huge help for me as I was fighting getting through financial management in an MBA program...." Read more

"...This is one of the best book purchases I've ever made!" Read more

"...balance sheet and cash flow statement and how they are useful in business management...." Read more

12 customers mention "Finance concepts"12 positive0 negative

Customers find the book provides a useful introduction to finance concepts. It provides clear explanations of financial terms and ideas that you can use immediately for your business. It provides an overview of profit vs. cash, metric management, and dynamics of the CFO. The book covers the basics of income statement, balance sheet, and cash flow statement and how they are useful. It also covers common accounting reports, how financing works, and how to track assets and performance.

"Covers the basics of income statement, balance sheet and cash flow statement and how they are useful in business management...." Read more

"...how to read the three most common accounting reports, how financing works, and then explains why the information matters to line managers...." Read more

"Learning the terms and other items is great and they talk a lot about assets and performance tracking...." Read more

"...Practical approach to finance while justifying the relevance of finance within business operations. A must read for all entrepreneurs...." Read more

11 customers mention "Ease of reading"11 positive0 negative

Customers find the book easy to read and understand. They appreciate the clear and concise writing style, making the content simple to pick up and follow. The glossary is a helpful reference for them.

"...in finance, this is a great crash course and reference guide, especially the glossary. It is best to refer to and retake the quizzes, as well." Read more

"It's a beautiful book with simple language for anyone. The future publications, however, should consider to look at non profit sectors also." Read more

"...This book tells you everything you need to know in easy to understand terms. This is one of the best book purchases I've ever made!" Read more

"...It also reads easy and does a good job summarizing. Well done" Read more

Top reviews from the United States

  • Reviewed in the United States on May 1, 2021
    If you’re inexperienced in finance, this is a great crash course and reference guide, especially the glossary. It is best to refer to and retake the quizzes, as well.
    3 people found this helpful
    Report
  • Reviewed in the United States on February 11, 2024
    It's a beautiful book with simple language for anyone.
    The future publications, however, should consider to look at non profit sectors also.
  • Reviewed in the United States on August 21, 2015
    This book was a huge help for me as I was fighting getting through financial management in an MBA program. I never thought I would make it as everything was over my head-I obtained this book and my world had changed. This book aided in making the concepts more understandable and I was grateful that I found it.

    I loved this so much that I subscribed to HBR and have made other purchases in their "guide to" series. I would (and have) recommend this to others that are or think they may be struggling in understanding the broad world of finance.
    5 people found this helpful
    Report
  • Reviewed in the United States on May 26, 2016
    This should be the go-to book for anyone wishing to learn more about finance. After getting my MBA, I wish that I had known about this book sooner. It would have saved me a lot of trouble and late nights trying to decipher complicated textbooks. Many finance professors do not explain topics well. This book tells you everything you need to know in easy to understand terms. This is one of the best book purchases I've ever made!
    10 people found this helpful
    Report
  • Reviewed in the United States on January 27, 2020
    Covers the basics of income statement, balance sheet and cash flow statement and how they are useful in business management. Also provides overview of profit vs. cash, metric management and dynamics of CFO and operational management.
    One person found this helpful
    Report
  • Reviewed in the United States on December 20, 2012
    This book follows the magazine's format (HBR is Harvard Business Review) and is made of articles. It brushes on financial statements and only mentions the ratios with a quick definition. It's good for a high school student who wants to grasp the essential concepts, but for a manager looking to learn how to use financial tools it is really limited.
    32 people found this helpful
    Report
  • Reviewed in the United States on December 17, 2020
    If you didn't go to business school, but now you find yourself managing a business in the field that you studied, this material is essential. It covers basic business bookkeeping, how to read the three most common accounting reports, how financing works, and then explains why the information matters to line managers. I only regret not reading this 15 years ago.
    4 people found this helpful
    Report
  • Reviewed in the United States on March 6, 2021
    Take a few days or less to finish even though I am not native speaker. Helpful to learn how to understand a company's financial status. And nice tips on not fully reply on numbers which might not tell you the full story.
    2 people found this helpful
    Report

Top reviews from other countries

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  • Marco
    5.0 out of 5 stars Buen envío y buen producto
    Reviewed in Mexico on June 4, 2023
    Viniendo este producto de lejos, llegó en buenas condiciones y listo para disfrutar de la lectura!
    Report
  • Jomon Raphael
    5.0 out of 5 stars Very good book
    Reviewed in India on December 28, 2024
    Very clear about the terms in accounting , explained all basic concepts in clear language .
    A must read for beginners
  • Ellie
    5.0 out of 5 stars On time, good condition
    Reviewed in the United Kingdom on October 14, 2020
    Delivery on time great condition
  • Maria Mateus
    5.0 out of 5 stars Relevante para profissionais financeiros
    Reviewed in Brazil on April 21, 2019
    Leitura fácil e relevante para quem já atua na área financeira e quer se manter atualizado com os termos em inglês e para quem quer entrar na área e conhecer o básico sobre relatórios contábeis.
  • GP
    5.0 out of 5 stars Great book
    Reviewed in Germany on October 26, 2019
    Great book