Wednesday, October 2, 2013
First taste of accounting...
So far I've read three chapters of the accounting reading and I'm deciding to take a blogging break because my brain feels like it's slowly melting. Although the reading is not difficult, it's very dense and full of lots of definitions and important information so I really have to be actively reading to get the gist of the chapter. From what I've read I've gotten the sense that running and starting a business is not as simple as it seems and it takes a lot of organization and knowledge to make sure everything is in order. At the same time, most of this accounting nonsense seems to just be making sure everything is balanced and the "teeter totter" (as the reading calls it) remains balanced and stable. Easier said than done, I'm sure, but this makes it sound simple and gives a person with little to no background in economics and accounting (me) a simple way to imagine and wrap my head around the concepts described in the reading. Hopefully it remains this simple for me to understand but I have a feeling things are going to get complicated fast!
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