You Should Study Accounting

Wed 20 April 2011 | -- (permalink)

Not necessarily for a career, but as part of being a well rounded member of society. This quote from Swarthmore's Timothy Burke via The Atlantic's Megan McCardle explains why:

The most awesome development project I've ever seen personally was a former small businesswoman in the Peace Corps who was teaching a handful of small business owners in a small African city how to do double-entry accounting with handwritten ledgers. The smart insight here was that most of them didn't want to hire anyone who wasn't kin because they couldn't track the flow of money through their business, and that most of them couldn't really invest anything they accumulated or expand their business for the same reason. I'd have given her a donation.