The biggest surprise to me was that "holistic" is a characteristic of credible financials. Another thing that surprised me was that when dealing with your projections (beyond the first year), it should be annual or quarterly.
One part of the reading that was confusing to me was the concept "cash-flow management" and how it's a process that never ends for an entrepreneur.
If I could ask the author two questions I'd ask: What's the difference between equity and net worth? What is an example of a lost usefulness or expired utility that cannot be restored?
I disagree with the fact that when being realistic in your financials, that you'll have trouble justifying your numbers when questioned. If you plan and organize accordingly, I don't believe you'll have this dilemma.
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