Accounting As Simple As It Gets
Tuesday, January 8th, 2008Many people look at accounting and say, “Accounting doesn’t make a lot of sense.” Well I hate to be bold but there is no better way to say, “Hey I’m a moron, I shouldn’t be running a business.” Accounting is the story of your business and you should know not only how to read that story but how to tell the story. There are a lot of complex accounting issues, they can be a nightmare. The chances are that you will never deal with them. Don’t worry about the complex stuff, focus on the larger aspec of accounting. You should be able to understand ninety-nine percent of all accounting issues with just a basic understanding of the principles and constraints. (more…)