Accounting is easy.

You probably haven’t heard anyone who isn’t working in the Accounting team say that. But it’s not that difficult if you know where to start. There are five principles that any FP&A Analyst or budget owner needs to understand. If you do, you can deduce much of the rest from that - without having to learn dozens of complicated rules.

Don’t try to memorize all the accounting rules. To remember them, understand the fundamental principles many have in common. The golden rule of accounting is one of them

We don’t need to be accounting experts. But to explain how the business is doing, it’s essential to understand accounting basics.