Agreed. It always surprises me how a subject that is very regimented in its rules and regulations can easily skip over defining all of those foundational princi

Agreed. It always surprises me how a subject that is very regimented in its rules and regulations can easily skip over defining all of those foundational principles (my small forays into learning accounting consists of learning through deciphering examples rather than being able to see something as clear as this page). It may be that the subject is liable to the problem of "everyday" words that carry deeper, technical meanings in the context of the subject - as in, everyone already knows what sales and accounts receivable are, right? Great, now let's move on....