Reading the materials and watching the videos that had been recommended in the Communities section for this class didn’t seem to get me any closer to understanding the new terms. I decided that perhaps my husband was right and I did indeed; need to just get something on paper.
I tried looking at the income statement and attempted to make sense of it all. Profits are good and losses are bad, right? I used my trusty white board and drew myself graphs to try and visualize what was happening. Yeah. Nothing was really working. I wrote some BS for one of the questions, but I'm about 7% certain that I'm on the right path with my answer.
Around mid-week, I received an email from Kelly, my student mentor. She gave me the names of some additional resources. I'm currently reading a book called, "Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean". If you're a current WGU student, you can access the book for free by going clicking on Resources and then searching through for it through the library.
So far, I am absolutely thrilled with this book! It doesn't quite assume that you know nothing, but just about. It does a tremendous job of explaining concepts in simplified terms. It also gives easy examples to illustrate the points that the authors are trying to make. I haven't cried in frustration even once since I began reading it.
It's taken me some time to get through the book, and to read it slowly enough to really try and comprehend the points, but I think it will pay off. Once I finish, maybe I'll be better equipped to take my husband's advice and just get something on paper."