So accounting is simple--well, or should be simple. Like all things, it is often muddled with overly-complex words and veiled concepts to obscure one thing--the truth. That's another discussion.
But as long as you know the fundamental underpinnings, the rest is just fluff. So what you may ask is that?
Here it is: Accounting helps you know what resources to use in the future (balance sheet), how you've been doing for a certain period of time (income statement), and where all our money has been going/coming from (cash flows).
Simple enough. Let's not be intimidated by all the big words (often a compensating mechanism) and information overload.
We'll explore bean counting and discover it's actually pretty useful (dare I say--cool).
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