General

General

Gaining an understanding of accounting terminology and concepts is not enough to ensure your success. You also need to be able to find information, analyse various business situations, work effectively as a member of a team, and communicate your ideas clearly. It is important to remember that any accounting system is date driven. Entries posted to the date the transaction was paid or received will aid the back office administrator or bookkeeper to reconcile the accounts and will assist decision-makers in making the right choices. As an Owner/Manager if you understand how accounting information is prepared, you will be in an even stronger position when faced with a management decision based on the accounting information presented.