Part 3
Managing Money, Accounting, and Finance
Some people find accounting confusing and finance frustrating, but I’m not sure why. It can’t be the arithmetic, because if you can add, subtract, multiply, and divide—or use a calculator—then you can deal with the numbers in everything from basic budgets to major investments.
Of course, if the numbers don’t give you trouble, then the words might. If you find terms like depreciation, present value, and shareholders’ equity mysterious, don’t worry: they’re just words. And they have straightforward meanings, once they’ve been explained.
This part of the book explains all that and more, including how money flows through a company, where it comes from, and where it goes. It also shows you how to ...
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