Frank Kudo and Reg Baker, both CPA’s and both experienced University of Hawaii teachers, discuss the importance of accounting for both business success and career success.
Understanding and applying basic accounting concepts can significantly increase your chances of success in both the business owner world or in the career manager role. Think about it for a minute; virtually every aspect of a business involves measurement. From sales and marketing to operations, administration, management and of course finance and accounting. If you can not measure it you can not manage it. And if you can not manager it you will more than likely fail.