Financial Accounting And Technology Commercialization

Yesterday was the last day of our preparatory courses for the graduate studies. The last lesson we had is about accounting in the management context. I never took accounting in my bachelor's but was able to get a week of training on basic accounting last year. For an engineer like me, this is another side of mathematics that sometimes contradicts the rules taught in the engineering mathematics subjects. We were able to understand though the reason why there has been a financial crisis from the view of a financial expert.

After the almost two days lecture on accounting an examination followed. We were tasked to answer quiz related to the subject and there is a bonus essay that we have to answer ( i think it is optional).

I understood that a financial statement can be used in different ways and can be manipulated depending on the use of the document. This serves as a warning to someone who wants to invest on something that promises high ROI.

And this subject emphasized as well the importance of financial accounting on technology commercialization. With financial accounting, the business plan can be mapped out. The financial analysis plays a big role on the success of a certain business.