Is the ability to manage finances based on informed decisions called financial intelligence?
Overall, that basically covers it. There are four parts tofinancial intelligence.
Understanding the foundation: Basic understandingof things like cash flow, income statements, and balance sheets.
Understanding the art: Knowing that applying thesame numbers in different ways can cause different outcomes.
Understanding analysis: Being able to understandnot only the numbers, but what they mean and how they work. Thiswould include things like being able to calculate profit.
Understanding the big picture: Having anunderstanding of how your results fit into other areas, like thenational economy, and how they compare to others in the samesituation, like a company's competitors.
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