ABSTRACT
Let’s get this straight. Accounting is not just about numbers. You do not have to be a skilled mathematician to understand a set of accounts and you do not have to spend hours of time learning various theories. Instead you can appreciate the need for accounts and how to work with accounts (and accountants!) by understanding the ‘rules’ and procedures that accountants follow. Put simply, accounting is a way of showing to external stakeholders and internal management how well a business has performed over a period of time and its prospects for continuing to operate.
