Accounting Reflection

One of my passions is investing and I have invested about $1,000 on my own to learn about investing through experience as well as develop my own investing philosophy. Until I took this accounting course, I thought of investing as another form of gambling but reading about Warren Buffet as well as taking this course has given me newfound understanding of investing. This course has helped me realize that success in investing over the long term depends upon the ability of the investor to understand an organization and having accounting literacy goes a long way towards reducing uncertainty. The three financial statements i.e. balance sheet, income statement, and cash flow, each serve certain purposes and help us better understand the economic reality of the organization.