Ready To Learn...
I did a ‘Business Finance’ module during my degree, but never grasped what the Balance Sheet did. In my corporate career, I worked with some excellent Finance Directors, and I still didn’t get what the Balance Sheet was. Since running my own business, accountants have tried to explain it to me, and even though I ‘got it’ at the time, it didn’t stick. Then I read a well-written, two page summary of what a Balance Sheet is, how it ‘balances’, why it’s important, and now I really do get it. And, more importantly, I’m now able to read and understand my own.
Just because we don’t get something the first (few) time(s), it doesn’t mean we never will - maybe it was the teacher, maybe it was the pupil we were, or maybe it was just that we weren’t ready to learn…