1. Introduction

The purpose of this book is to teach you the fundamentals of keeping score in business. You will learn the basic workings of the accounting system. When you are through, you will be able to read, understand, discuss, and use a balance sheet, an income statement, and other statements found in financial reports. You will know something about various tools for analyzing financial reports and investment opportunities. You will have a basic vocabulary of the important terms used in accounting. You will be able to talk with more confidence to accountants, auditors, financial analysts, budget directors, controllers, treasurers, bankers, brokers, and lots of other people who use accounting jargon.

This book will not make you an accountant. ...

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