A lot of people say “accounting is the language of business”. Although this term is right, it doesn’t totality mean accounting. This word only confuses people, because accounting has more meanings. But this sentence has both advantages and disadvantages.
The advantage is that you can show generality of accounting, for example you can understand the accounting used in business and declare the company operations.
The disadvantage is that you can not explain information which you receive, because you have to be professional and you have to have a lot of experience on explaining annual reports.
To sum up, although we understand accounting is the backbone of business, we have to be careful with wrong explanation of information.
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