Return on Software: Maximizing the Return on Your Software Investment

Chapter 15. General Accounting and Cost Accounting

Accounting can be informally thought of as keeping track of the money coming into, moving around in, and going out of a company. Accounting is, in effect, “the language of business.” Business goals are often defined in accounting terms, so you should become familiar with that language to communicate effectively with managers and financiers. Reading and understanding financial reports will also help you better assess a company's financial health. This is not only useful at a professional level, it can also help you at a personal level because you will be able to evaluate a company before either buying or selling its stock or deciding to work for them. Accounting systems can also be a source of ...