As a teacher of Business Administration, I have found some of the training that often frustrates most students is to understand and prepare a cash flow statement, income statement and balance sheet. This book is written in a way that really facilitates understanding of the statements, but it would certainly be a plus if the reader had no previous knowledge of basic accounting principles.
Financial reports for some, a challenge and they can easily master with an understanding of basic accounting principles. For others, without knowledge of bookkeeping, accounts can be a nightmare. Although this book will help to simplify the matter, without any previous experience the book can be quite confusing. First and foremost, one should at least be familiar with general accounting terminology. If you are, it will simplify this book immensely and make learning more fun. But be prepared to sit down and use your largest concentration of the book. The question is not one that can be mastered by skimming through the book in an evening or two. For many people understand the financial statements give a course that takes several months to fully understand. Some learn the process easily, others never master challenge, no matter how long or hard they try. The degree of success usually depends in part apptitude, commitment and previous knowledge and experience to the reader.
No comments:
Post a Comment