Accounting...summed up

So, I just finished all the reading for this week and finished typing up my notes but I'm still not 100% sure I understood everything.  it's easy enough to read something, take some notes and think "ah, yes, this makes perfect sense". But I think if I had to give a detailed account of everything we read, I might be a little bit lost. Although, generally, the reading made sense to me (balance the scale) I feel like there are a lot of rules and laws that are dependent on a lot of other factors that may or may not be reliable. At this point in time, accounting seems to me to be an exact science based on a lot of variables. I am interested to see what our guest speaker has to say about all this nonsense tomorrow because, although I see how accounting relates to entrepreneurs and business owners, I wonder if the concepts have to be changed with journalism because it's so hard to sell a product when people are clamoring for a free news and media.