Hello everybody,

in order to become better Acumatica developer I've decided to take course on Accounting: Principles of Financial Accounting.

Here I'll share some ideas that become new to me.

So, I want to speak about Prospectus.

Securities and Exchanges commision requires that any kind of company that borrows money from potential investors provide to them document which has following information:

  • Company history
  • Management biographies
  • Financial statement
  • Best-case scenario
  • Worst-case scenario
  • Other information that will help investors to make informed decision

So, next time when I'll hear prospectus it will mean for me some kind of document which will say something like borrow money to me please.

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