Chapter 1
Accounting: The Language of Business, Investing, Finance, and Taxes
In This Chapter
Realizing how accounting is relevant to you
Grasping how all economic activity requires accounting
Watching an accounting department in action
Shaking hands with business financial statements
Mapping a career in accounting
I had a captive audience when I taught Accounting 101 because, then as well as now, all business school students have to take this course. In contrast very few arts and science students elect the course, which is their loss. Accounting 101 teaches about business, including the nature of profit (which most people don’t understand) and the fundamentals of capitalism. The course is a very good training ground for becoming financially literate. These days there is a big push to improve financial literacy, and a basic accounting course offers a useful framework for understanding and thinking about financial issues.
In one sense this book is the accounting course you never took. ...
Get Accounting For Dummies, 5th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
