Week 10: Reading Reflection (Chapter 11)

1). The most surprising thing to me was how much this chapter actually covered, and how much detail was included for each concept. Financial information is very complex and encompasses many concepts that are highly intertwined. For a simple chapter in a textbook, I was impressed at the level of explanation and general flow of information that was easy to follow.

2). The most confusing part for me was the financial ratios just because they are not as common. Most of the other stuff in the chapter such as balance sheets and income statements are easier to understand simply because I am more familiar with them. The book did a good job putting them into a chart and explaining each one in detail, but this was the most complex part of the chapter for me.

3). My first question would be why this chapter included a financial glossary at the beginning? Several of the other chapters had numerous terms, and many of them are defined within the text later anyway, so why did he choose to include a separate glossary for this chapter in particular? My second question would be why the author chose to include certain financial concepts over others. What makes something more relevant in particular to entrepreneurship and this textbook/class overall?

4). I did not disagree with anything in this chapter. Financial information is fairly straightforward, so it is hard to argue with formulas and the balancing of equations, but I thought the author did a good job overall methodically explaining each concept as well.