If you want to understand business, you must learn the basics of accounting from "summary" of The Personal MBA by Josh Kaufman
Understanding business requires a solid foundation in the principles of accounting. Why? Because accounting is the language of business - it's the tool that allows organizations to communicate their financial health and performance in a standardized way. Without a basic understanding of accounting, it's nearly impossible to make sense of financial statements, budgets, or any other financial information that businesses use to make decisions. Accounting provides a framework for tracking and analyzing the flow of money through an organization. By learning the basics of accounting, you'll gain insight into how businesses generate revenue, manage expenses, and ultimately make a profit. This knowledge is essential for anyone looking to understand the inner workings of a business and how decisions are made to ensure its success. Even if you're not planning on becoming an accountant, having a working knowledge of accounting ...
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