CHAPTER 1
Financial Statements
Why Accounting Matters for Non-financial Professionals?
Ironically, while money drives us all, a lot of laymen are alienated from financial knowledge not because of intelligence but because of fear.
It is imperative to understand the subject and language of finance if managers are to communicate with authority within a business. After all, finance is the language used in the boardroom.
Accounting is best left to accountants, right? Actually, that’s not true. All non-financial professionals stand to benefit from a firm grasp of basic accounting concepts. Being able to back up your business proposals, projects, and ideas with numbers puts you in a stronger position, as does being able to recognize the financial value ...
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