Accounting is the language of business. Without understanding the basics of accounting, you won’t be able to fully comprehend financial reports and data.
Learning how to read your financial statements, recognize trends and opportunities, and understand key terms your finance team uses are all crucial skills for every CEO and nonprofit executive to have.
Let’s start with the foundation of accounting — the key accounting terms you should know as the leader of your organization. Grab my FREE cheat sheet of important accounting terms that all executives should know: