How much about accounting did you learn in high school or college? A few terms here and there and the difference between accounts receivable and accounts payable. If a few accounting classes were taken, one might understand the difference between a balance sheet and a trial balance report or be able to define and describe E.B.I.T.A and G.A.A.P. Lost yet? I have taken a few classes in accounting and know little more than terms and roughly how they apply to accounting. When I do need help and terms explained in plain language, I turn to a friend – Mark Holtzman – that puts terms into plain and clear English on his blog: www.accountinator.com .