This doc is part of a series. I just skimmed the first two docs (this '101' and tthe next '102'). They do a reasonable job of introducing accounting.
I've conducted training sessions in accounting (for people whose day job is something else) at several tech firms. Two things I've found drive the points home are:
- having to make a series of debit/credit transactions (from a supplied description of stuff that has happened)
- having to work out what certain items on a balance sheet or income statement mean
It's hard to appreciate the beauty of the accounting equation until you see how the balance sheet, income statement, and cash flow statement are related.
I've conducted training sessions in accounting (for people whose day job is something else) at several tech firms. Two things I've found drive the points home are:
- having to make a series of debit/credit transactions (from a supplied description of stuff that has happened)
- having to work out what certain items on a balance sheet or income statement mean
It's hard to appreciate the beauty of the accounting equation until you see how the balance sheet, income statement, and cash flow statement are related.