There are tons of jargon on accounting. But a lot of them are rubbish that used for categorizing the incomes, expenses and Tax. What really matters are Balance Sheet and P&L (profit & loss) statement. If you really knows to read and understand these two then you know the basic language in business. I'll go deeper on these if you guys interest or else please Google and read about these two. Let me share a real world example of what I am talking about. Here is the Access Engineering PLC / Annual Report 2015/16 http://www.accessengsl.com/wp-content/uploads/2016/07/Annual-Report-2015-16.pdf Please go to page 149 of the report and you will see the Statement of Profit or Loss. And on page 150 of the report you see the Balance sheet (they call it as Statement of Financial Position). And you can see it is balanced (of cause it is balance sheet) Total Assets = Total Equity and Liabilities Basically these are the things that people are supposed look at before invest
What is the plan for the new year ? - need to think on what are we trying achieve during next year 2018 - basically the life goals - may be personal or professional - and also it should be realistic (not something like going to Mars ;)) Why we need a plan for the new year ? - basically a goal without a plan is a DREAM - And also should be able to measure (what you cannot measure, you cannot manage) How to prepare a new Year resolution/plan ? - Leave some buffer time - Make changes during the year (life is changing/evolving) - Plan is only for you (do not share it) - When a milestone is achieved, celebrate - Try to stick to the plan - otherwise no point of planing