Quote:
Originally Posted by Pio1980
Accounting is the nuts and bolts of budgeting.
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Pio1980,
You always post with dense prose. I like it.
When I took the accounting class I entered with an eye towards budgeting. That is still the way I think.
What struck me during the course is that some students saw inventory as a valuable hostage. Their perception was most glaring in the context of groceries. They could not think on their feet and jibe how long things last against how long people are willing to stand in line. Those students had no concept of shelf life and its corollary, urgency.