Accounting as a language has worked well for many centuries and has adapted itself quite remarkably to changes in the business landscape
Many want to be very rich. Many believe investing in equity markets will fulfil that wish. Indeed it can. But it is not as easy as it looks. It requires considerable effort. One of the things needed to be a successful investor is to understand accounting, the language used by companies to communicate with their investors. This language does an excellent job of communication but like all languages, it has limitations. Investors need to understand the meaning behind what is being communicated to take better decisions.