Monday, March 7, 2016

Week 10 Reading Reflection

1) The thing that surprised me most was how many accounting principles went into this chapter, and how much accounting truly goes into entrepreneurship. It is not something I usually think about!

2) None of this is really confusing to me, as I have already taking Financial and Managerial accounting. Both of these classes prepared me well enough that the information in this chapter makes sense.

3) If I could ask the author two questions, I would ask:

"Is it possible to be a good entrepreneur without knowing much about the financial aspect of the business?"

"Is it easy to learn finances as you go, through trial and error?"

4) I really don't think the author was wrong about anything. He explained each accounting principle clearly in a way that was easy for me to understand and recall.

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