Understanding Financial Statements: A Manger's Guide

Financial accounting is history. It is a thing of the past but rather it is a specialized and very technical branch of history. Historians may write about events that took place thousands of years ago, or last month. Financial accountants record and report histories of what happened in the recent past, usually the past year. However, the time frame doesn't matter, financial accountants write about history.As historians, financial accountants face the same philosophical questions that histor...