Week 10 Reading Reflection

I was interested in this weeks reading because it finally talked about the financials involved with entrepreneurial ventures. In the reading, I was surprised to of the detail that went into the chapter involving all of the ins and outs of accounting. I took financial accounting a couple of semesters ago and it was all the same information I learned in the whole semester. I was also surprised that the book did not talk about having an accountant on staff that usually presents the owner with all of this information to help make decisions for the future. None of the reading was confusing to me because of my history in accounting, but the concept of the cash-flow budget has always been hard to understand. My first question to the author would be, "Why did you include all of the information about financials, but not much text on what all the information means?" I feel like the author could have made it a little less technical. My second question would be, "How does this upcoming election effect the financial situation for a business owner? I would just be interested to see if the election is going to have a large impact on the economy. I did not find any mistakes in the chapter, but once again I wish it contained less accounting information and more practical information.