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by okabat 3960 days ago
As an engineer turned PM who might start a company some day, I've always seen financial literacy as one of my weaknesses. Companies are ultimately judged for their finances. Ignoring this subject is dangerous for a company's prospects, and illegal if it causes you to make misleading statements to investors.

If anybody is looking for further reading on this subject, I enjoyed "Financial Statements" earlier this year(http://www.amazon.com/Financial-Statements-Step---Step-Under...). Quick and straightforward, it starts with the vocabulary and explains the major financial statements (Income, Cash Flow, Balance). The majority of the book follows a company from inception to dividend disbursement, explaining how various business activities (e.g. signing a lease) hit the financial statements.

1 comments

I would recommend a course in micro economics. Learning micro economics really changed how I think about finance. Anyone who plan to start a company some day should know how markets work, marginal return, opportunity cost, sunk cost, etc.