We make thousands of decisions, big and small, every day. Do I want milk in my coffee? Do I take the highway or the back way? Should we move forward with this big proposal, or play it safe?
When we look at business decisions, it's essential to know exactly what we have, and what we owe. This is where accounting principles come in, whether or not you're the one doing the numbers.
This is part of a series of reflections inspired by my courses at HBX, an online business school cohort powered by Harvard Business School. With Business Analytics, Economics for Managers, and Financial Accounting, I'm learning the fundamentals of business. Find the whole series here.