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The question to ask is “Why is it important to understand the concepts of accounting?This book does not intend to transform the reader into a CPA or accounting Superstar. But rather provides a platform to individuals who find themselves intimidated by accounting types in a corporate meeting, or a student entering a business program or an individual who wants to follow a dream by opening a business but needs to understand the importance of gathering good information to make good business decisions. Know the difference between Custodial accounting and Managerial accounting. Learn about the Father of Accounting.As we know, the rate of new businesses succeeding is low. New business owners must have good business plans in place and anticipate and plan for new business costs.The author envisions this book to be designed as one small step in helping individuals understand how sound business decisions are made. It is is intended to be the first step in self-education on accounting concepts.