Nology in the curriculum, and the company has established scholarship programs to encourage minorities and women to pursue careers in computer science and other related technical fields. In terms of stock price, Microsoft’s per share stock price adjusted for stock splits has gone from $25 in 1986 to over dimension you can think of Microsoft has succeeded. But most of these dimensions are a by product of Microsoft’s ability to produce products that are valued by the market. If Microsoft was unable to produce and sell quality products, the company would be in no position to employ so many people to give so much an incredible increase in stock price. And this is where accounting enters the picture.

Caution

Don’t be too concerned with all the new and unfamiliar terms you see in the first chapter of the book. Learning a new language takes time. Be patient before too long you will be speaking the language of business accounting quite fluently.

In this textbook you will begin your study of accoumting. You will learn to speak and understand accounting. The language of business. Without an understanding of accounting, business investments taxes. And money management will be like of foreign language to you in brief an understanding of accosting facilitates the interpretation of financial information. Which allous, for better economic decisions.

The major objective of this text are to provide you with a basic understanding of the language of accounting and with the ability to interpret and use financial information prepared using accounting techniques and  procedures. With the knowledge you obtain from this exposure to accounting. You will be able to read the financial statements of companies such as Microsoft. Understand the information that is being conveyed. And use accounting information to make good business decisions. Also through discussion of the business environment in which accounting is used, you will in crease your understanding of general business concepts such as corporations, leases, annuities leverage, derivatives the financial kind not the calculus kind and so forth.

You will become convinced that accounting is not bean counting. Time after time you will see that accountants mush exercise judgment about how to best summarize and report the results of business transactions. As a result you will gain a respect for the complexity of accounting. And obtain a healthy skepticism about the precision of any financial reports you see.