Instructions for this journal entry: The reading in this module discusses why financial intelligence is important

Instructions for this journal entry:

The reading in this module discusses why financial intelligence is important. In your journal, briefly write (between 350?500 words) about the importance of financial intelligence by answering the following:

1. A portion of the reading in this module discusses how financial intelligence helps to create better companies. Name and describe three reasons why financial knowledge can help a business.
2. Think carefully about what you have learned so far about the income statement, balance sheet, and finance. What is one way that an HR professional might use this financial information to help determine HR needs or justify a decision?
3. From the reading, name and describe three ways that you can help to make your HR department more financially intelligent. What are some challenges that you might face when incorporating these initiatives?

Textbook

Financial Intelligence for HR Professionals: What You Really Need to Know About the Numbers

Karen Berman, Joe Knight

Harvard Business Review Press, 1st edition , 2008

ISBN-10: 1422119130

ISBN-13: 978-1422119136