Accounting: a subject widely important yet not widely understood

Your choice to read this book is probably determined by a perception that accounting is important, coupled with a sense that your own knowledge of accounting, at least at present, is insufficient for your needs.

In this introductory chapter, we will explore these motivations – in effect, why you are reading this book. This will be important in setting the scene for the rest of the book. The focus will be on you, on why an understanding of accounting is important for you, and on how best you can get your mind around the subject.