It's All A Part of The Game

"Never let the fear of striking out, keep your from playing the game." ~ Babe Ruth

Last week through my workplace, I attended a presentation hosted by Evans Edwards Chartered Accountants in regards to understanding balance sheets and financial statements. Pretty convenient in the lead up to reading the 60 page long (x3) financial reports for my assessment don't you think? They discussed profit and loss, net capital, assets, liabilities and all those figures that make up the accounting game but what really spoke to me was the ways to which anyone can manipulate and understand a business' finances and actually guide them into a safer, economically effective future. 'For quality of information is what a users of that information gets out of it; it is your experience of using information, not what accountants or management have put into the information, " These words of Martin Turner, our lecturer, stood out to me Tuesday night as I sat in the cold conference room. To learn accounting you need to understand it and become apart of the whole virtual picture. The presenters used a program called 'Cashflow Story' which showed us that by just reducing one amount on a balance sheet, the mentioned firm could save thousands.

Last week I wanted to give up, and let debits and credits win. But by grasping a better understanding of balance sheets for a start, I'm am definitely ready to play! I honestly thought accounting would be boring course to take but its funny how just one lightbulb moment can change your entire opinion of something.

Caity xx