What comes up for you when you hear the words ‘profit and loss statement’ or ‘balance sheet’? Fear, anxiety, stress, or even anger are common answers to that question. Although there tends to be an aversion to wanting to understand financial systems, there are a number of intuitive financial concepts we use in our daily experience. But the language around them can confuse and intimidate the public, creating barriers leading to problems later on.
This episode imagines what may change if universal financial literacy becomes the norm. It explores what is necessary to develop the necessary expertise to successfully navigate financial systems without dedicating oneself to in-depth study. Next, a distinction is made between compliance and management accounting and their corresponding timelines.
For full show notes, visit: https://www.lifteconomy.com/blog/mba20
Support the show
Next Economy Now: For the Benefit of All Life