Summary Of Accounting 101 For The 21 St Century By John Petersen

John Petersen’s article, “Accounting 101 For The 21 ST Century: A Liberal Arts Education in Carbon,” brought out some prevalent points in regards to the way society has forgotten to properly educate young adults in the area of finance. I agree, “Recent graduates have a lot to learn about budgeting when they leave college” (Petersen 475). College students have to be responsible and learn to only purchase the things that they need instead of buying the things they want. Most students are just getting out on their own, and making financial decisions, but they should be learning how to balance a checkbook. Instead, many of them open credit card accounts, except student loans and find themselves in the negative.
Peterson’s college