Accounting is the Language of Business (Lyric Video)
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Every transaction hits two accounts
Hit them both up with the same amount
With debits on the left, and credits on the right
Keep both sides balancing tight
When the time comes to prepare financials
You’ll be the one with all the answers
There are three statements that you need to greet
Let’s start with the balance sheet
You’ve got assets on top
Equals liabilities down below
Plus owners’ equity
All make up the balance sheet
And the balance better balance out nice
Or someone’s gonna pay a price
Because the numbers can’t lie
They’ve got to justify
To show what the business is like
(Chorus)
Accounting is the language of business
It’ll grant you all of your wishes
Accounting is the language of business
Learn it – or you’ll be washing dishes
Now that you know the balance sheet
Let’s look at where revenues and expenses meet
There’s a place where we sit and mate them
And it’s found on the income statement
At the bottom there’s a monthly sitcom
A number we call net income
Nets what was made with what was spent
Net income is heaven sent
The statement of cash flows
Shows where the cash goes
Do you have the green light?
Are you going to survive?
Because cash keeps it all alive
So accounting tells a business story
It might be good, might be gory
But it’s got to be said, it’s got to be backed
Because decisions depend on the facts
Assets equal liabilities plus equity
