- [Instructor] Let's see how someone answers this question about explaining a complex accounting topic. And I'll be back at the end with some thoughts. - It's natural for people to find finance and accounting complicated and confusing. It's really overwhelming, so it's important for me to acknowledge that my colleagues may not have any type of financial knowledge. Even if they do, I need to respect that they still might not fully grasp what I want to explain, so it's up to me and my fellow accountants to apply professional knowledge in terms for anyone to understand and to make it relevant for their needs. I was actually once asked to calculate the breakeven point for a new product. So I conducted an in-depth financial analysis looking at things like sales volume, cost to produce and its effect on profits. Rather than explaining these calculations, I took a minute to remember what my partners were actually trying to…
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