“What we are seeing right now from China is not only a phenomenon for Brazil, we are seeing the same all over Latin America, declining [Chinese export] volumes into all the markets,” said Antonio Dominguez, managing director for Maersk Line in Brazil, Paraguay, Uruguay and Argentina. “It has been going on for several quarters but is getting more evident as we move into the year .”
But at the end of a madcap Golden Globes (Ms. Fey toasted it as 'the beautiful mess we hoped it would be'), the major honors soberly ended up with the favorites. David O. Russell's con-artist caper 'American Hustle' led with three awards, including best film comedy. And despite missing out in the other six categories it was nominated in, the unflinching historical drama '12 Years a Slave' concluded the night as best film drama.
What the Experts Say
Even if you don’t need to know a lot about finance to do your day-to-day job, the more conversant you are on the subject, the better off you’ll be, according to Richard Ruback, a professor at Harvard Business School and the coauthor of the 智能家居设备今年销量将翻番 安防设备成主力. “If you can speak the language of money, you will be more successful,” he says. After all, if you’re trying to sell a product or strategy, you need to be able to demonstrate that it is both practical and high margin. “The decision-makers will want to see a simple model that shows revenue, costs, overhead, and cash flow,” he says. “They need to see why it’s a good idea.” Joe Knight, a partner and senior consultant at the Business Literacy Institute and the coauthor of Financial Intelligence, says that an absence of financial savvy is “career-limiting.” If you’re unable to contribute to a discussion on the company’s performance, you’re unlikely to advance. “You are not going to be involved in running projects unless you understand the financials,” he says. Here are some strategies to improve your financial intelligence.
Overcome your fears
Stop avoiding finance because you’re afraid of numbers. It’s not rocket science, says Ruback. Think of it this way, “Finance is the way businesses keep score. It’s like counting balls and strikes in baseball,” but instead you’re “measuring progress through financial performance,” he says. “It’s not that complicated.” Besides, the math is easier than you might think, says Knight. “Finance and accounting are very simple. It’s mostly addition and subtraction and occasionally some multiplication and division,” he says. “There’s no magic.”
Learn the lingo
There may not be any magic to finance, but there is a fair amount of jargon. Fortunately, there are many ways to learn the terminology, says Knight. You “just need to take initiative,” he says. If your company offers internal finance training, take advantage of it. If it doesn’t, consider enrolling in an online or community college class. Of course, there are also myriad books and reference guides on the topic. The most important concepts to grasp are “how to measure profitability, EBITDA, operating income, revenue, and operating expenses,” he says. A finance textbook or reference guide is a good investment; but “Google works too,” he says.
Tackle the balance sheet
Next, says Knight, you need to immerse yourself in your organization’s income statements. “Take an interest in the balance sheet and then do the due diligence to understand it,” he says. The best way to learn, says Ruback, is to “reproduce the numbers” either electronically or on a sheet of paper and then “group them into categories so you can start to see how much your company spends and where it makes money,” he says. Convert the numbers to percentages so you more easily visualize the breakdown of revenue and expenditures. “You want to see the big picture.”
Focus on key metrics
Boosting your financial expertise requires figuring out the metrics by which your company measures success. Your goal is to develop a deep understanding of the precise “link between profit and loss” and how that affects your organization’s performance over time, says Knight. That metric is often expressed in the form of a ratio. “There are four ratios common in every company: profitability, leverage, liquidity, and operational efficiency,” he says. And every organization has “two or three ratios within” those groups that are considered its primary measures of performance, in addition to “industry-specific ratios.” Paying closer attention to your company’s balance sheet and “listening to your company’s quarterly earnings calls” is helpful in getting a handle on these metrics. “They’re not hard to calculate. It just takes effort,” he says.
Play with numbers
Once you have a solid understanding of the balance sheet and what drives your company’s growth, try “experimenting and playing with the numbers” by going through a “series of ‘what if?’ scenarios,” says Ruback. For instance, What if prices were lower? What if revenue was higher? What if costs go down or up? “You’re not managing specific business decisions, you’re trying to understand and internalize how the models work” and the assumptions they make. That way, when you do need to “tabulate the consequence of a particular decision,” such as, whether or not to launch a new product or shut down a factory, you have the tools to do so. “People think budgets are static. But in most instances, you run the models to figure out what’s important and how much room there is for error.”
Find a financial mentor
Connecting with a “senior financial or operations manager” who can “teach you,” and “answer your questions one-on-one” is another way to get better at finance, says Knight. “It’s a very natural way to learn,” he adds. Ruback agrees. “Mentors are always helpful for someone who is not good with numbers,” he says. This person can both help explain concepts and serve as a sounding board for any financial decisions you need to make. Ruback suggests asking your colleague “to try to replicate” your projections and models when needed. “It sharpens your focus,” he says. “You find that Jane made certain assumptions, while you made others. One is not right and the other is not wrong, but [the differences] help you figure out what’s reasonable.”
Make it personal
Still lacking motivation? Make improving your financial skills “a survival issue,” says Knight. “Every time you are paid, your organization makes less profit. So you need to think about what you can do to help the company remain profitable or be more so.” The goal is to develop an understanding of how your day-to-day actions help your employer to “drive revenue or mitigate costs,” he says. “Think of yourself as a miniature profit and loss statement: How do you add value?” This can be a useful exercise, but don’t let it consume you, says Ruback. After all, it’s easier to determine your impact on the bottom line if you’re in sales, but it’s not as straightforward if you’re in, say, HR. “Integrate your role with the contributions of others,” he says, “and focus on the problems you can control, not the ones you can’t.”
Principles to Remember
- n. 泄漏
- China and its southern neighbour failed to come to an agreement on cross-border trade last month during Vietnamese president Truong Tan Sang's state visit to China, where he met with his counterpart Xi Jiping.
- I mean, is it worth to be a No. 8 seed with Serge Ibaka and Jeff Green leading the way? Maybe it is. This all just seems awfully backwards.
- Be intimidated — business math is relatively straightforward
- They are typically designed for students with an average age of 22.
- Potus v Korus
Case Study #1: Partner with a colleague in finance and experiment with numbers
Larry Dunivan, the chief revenue officer at Ceridian, firmly believes, “All leaders should be able to talk about the numbers in a broad and sophisticated way.”
“We have resolved this matter and will move forward to build on the important actions Honda has already taken to address our past shortcomings in early warning reporting,” said RickSchostek, Honda executive vice president, in a statement. “We continue to fully cooperate with NHTSA to achieve greater transparency and to further enhance our reporting practices.”
Funded partly by firms and companies, the charity places top graduates in schools serving low-income communities for at least two years, knowing full well that many of them will leave the profession at the end of this period.
The gorgeous Birman cat has more than 128,000 Instagram followers. And it has been the inspiration for many of Lagerfeld's designs.
In that meeting, he told Jacobs that such problems would decrease, as China is reforming its management system in science and technology, according to a statement by the association on Friday.
2. Marc Faber's Doomsday warning on Bernanke's disastrous QE scheme
Meanwhile, exports are expected to continue falling due to the combination of weak global demand and higher prices, as well as China’s decision to effectively re-peg the renminbi to the strengthening dollar.
The potential for conflict will force China and the US to redefine their roles in a shifting environment that neither is comfortable with. Tensions will be aggravated by anti-China sentiment during the American elections. Asian countries are in a position to delineate the boundaries of influence for these two powers but, given their varied interests, alliances will shift depending on individual concerns.
THE SLAP (NBC, Feb. 12) Jon Robin Baitz and Lisa Cholodenko are producers of this adaptation of an Australian mini-series about the fallout from a momentary loss of control at a backyard birthday party. The impressive cast includes Peter Sarsgaard, Uma Thurman, Thandie Newton, Brian Cox and Melissa George (who also appeared in the original).
8. Smile every time EXCEPT when my team is losing.
A member of staff at the Yizheng Museum told MailOnline that the bronze item had been found inside the tomb of an aristocrat in the West Han Dynasty (206 BC–8 AD) the first part of the Han Dynasty.
Case Study #2: Learn the metrics your company uses to measure success
James Pieper, the chief accounting officer at TransUnion, the consumer credit reporting agency, says it’s “critical” for employees to have a “basic understanding of finance so they know how their company is doing financially.
Such highlighted talents also include cult director David Lynch of the United States and the versatile Taiwan filmmaker Sylvia Chang, whose representative works are on the recommended lineup.
It was the fastest growth rate among the top 10 countries on the EPO's patent-filing league table.
They have no reason to tank thanks to the pick swap with the Celtics, but they might be able to pick up some nice consolation draft prizes from contenders looking to make a move.
5. Fred Hersch Trio “Floating” (Palmetto) The articulate grace of Fred Hersch’s current piano trio, with the bassist John Hébert and the drummer Eric McPherson, finds potent expression on an album structured like a nightclub set, with a few retooled standards mixed in with sturdy, emotionally transparent original songs.
《在生前留下的物品中回忆世界上最长寿的人》(Remembering the World’s Oldest Person, in the Objects She Left Behind)
vi. & vt
"My hair has turned white, half because of housing prices and half because of you reporters." JIANG WEIXIN, member of the CPPCC National Committee and minister of housing and urban-rural development, responding to media questions about government measures to curb housing prices
But her success doesn't come cheap and her mother has already spent ￡5,000 on elaborate dresses and entry fees.
2010 U.S. unemployment rate (average): 10.2%
The approach has in some cases moved from the political fringes into the mainstream. Some leaders from Britain’s center-right, governing Conservative Party, for example, helped push a British exit, and since the referendum the new Conservative prime minister, Theresa May, has signaled sympathy with white identity politics.
In contrast, the average unit price of emerging market exports has been falling in year-on-year terms pretty much since mid-2012, hitting a year-on-year decline of 16.4 per cent in February 2016.
Mr Erdogan’s escalation comes in the midst of a vitriolic tit-for-tat between Ankara and The Hague, which began at the weekend after Dutch officials barred Turkish ministers from campaigning in Turkish communities inside the Netherlands.
Last year, the CPI increase peaked at 2.5 percent in January, and later fluctuated below 2 percent during the rest of the year.
China's box office sales have increased from 1 billion yuan to 40 billion yuan in the past decade as the industry has adopted more market-oriented reform measures.
Mr Siddeeq, a retired teacher who is now living in the mid-western city of Indianapolis, said he was shocked when he was contacted by the university.
When you post your résumé to a job board, such as Monster or Indeed, there's a chance your current employer could see it. In fact, Foss says many HR staffers and managers regularly search for their company names within job board submissions specifically to see if their employees are looking for jobs。
As we began 2017, the Warriors were in a rocky point with their upgraded super-team. They'd lost to most of the other premier Western Conference teams, and just lost to the Cavaliers on Christmas. Maybe, just maybe, this super-team was mortal just like the 2016 team that looked invincible was. As it turns out, in a word, nope.
凯特·温斯莱特（Kate Winslet）是另一位将其最佳女演员奖杯置于洗手间的英国演员。她因在2008年一部改编自本哈德·施林克(Bernhard Schlink)的小说《生死朗读》(The Reader)的同名影片中扮演一位集中营的看守而获此殊荣。