Friday 7 October 2011

Book Review: Romancing the Balance Sheet

Not sure whether you can become champ with romancing the balance sheet by merely reading this book, but this book can help you to have a good beginning. :) Written for a layman, Dr Anil Lamba, the author this book, has explained the complex subject of finance in the simplest manner possible. The book reads as if author is having a chat with you. Though it runs more than 200 pages, you are most likely to finish this book in one or two sittings as the book holds your attention very well. As title suggests, the book covers basics of financial statement but it also covers financial topics that need to be known to people working in non-finance departments. These topics include inventory management, working capital management, marginal costing and leverage analysis. I would strongly recommend this book to every first-time manager to understand how his/her actions would affect financial performance of his/her employer.

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