The Little Book of Big Management Questions

KEY MESSAGES TO TAKE FROM THIS SECTION

• The higher you climb, the more important it is that you have a good understanding of accounting terminology.
• A little knowledge is a dangerous thing. The information given in this section is only intended as a taster. Always discuss your accounting or financial information needs with your accountant before you make any financial decision.
• If you find yourself in a financial discussion, don’t be afraid to ask ‘What do you mean by that?’ Asking for clarification when you don’t understand something is a sign of intelligence. Pretending to understand something when you don’t is just plain stupid.
• Remember that accounts are not the mathematically precise documents that they appear to be.
• Many accountants are ...