Accounting has traditionally been seen as highly technical and of interest only to accountants, but it is a vital area for all citizens and public sector managers and professionals to understand, at least in broad terms. Principles of managerial and financial accounting are developed and used to examine difficult strategic and operational decisions confronting business professionals. Accounting for Non-Accountants enables you to understand and interpret accounting reports and to use accounting skills needed in making effective business decisions. Financial reports are an increasingly invaluable tool for businesses. More than just a summary of statistics, financial statements serve as an instrument to analyse business operations based on their periodic financial performance.