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The last time I had an economics course was during the academic year 1967-68. Since then, many of my courses included major components of economic theory and readings in economics. In addition, as a director of a program, I am held responsible for the managing a budget. I've never had an accounting course. I am able to manage my budget with my computer knowledge and by directing questions to two friends who are accountants. If you are like me, Slater's work SIMPLIFYING ACCOUNTING LANGUAGE is great! The book accomplished two critical goals. First, it breaks down accounting to its simplest components. Anyone who has completed an accounting course will find the book too elementary. Anyone who hasn't, but is forced to manage a budget will find the book to be refreshing. Second, if one has to ask dumb questions to an accountant, SIMPLIFYING ACCOUNTING LANGUAGE will provide a person with an appropriate vocabulary to sound coherent. Like all professionals, accountants have a language all of their own. One needs the proper vocabulary to speak to them. As I write, one of the biggest news items is the Enron scandal. Apparently the Arthur Andersen accounting firm mismanaged the books. This entire fiasco has had a major effect on several sectors of the economy and has place many aging working in financial jeopardy. As I monitor the CNN web site, I must acknowledge that substantial amount of my understanding of news items comes from my reading of Slater's fine book.
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