ELI5: Explain Like I'm 5

The Yellow Book

The yellow book is like a special book that tells you all the rules to follow when you play a really important game called accounting. Accounting is like keeping track of how much money a company makes and spends.

The yellow book has rules that tell you how you should do the accounting so that everyone does it the same way and it is fair. It helps people who work in the government to make sure that they are spending money properly and that they are doing things the right way.

The yellow book is really important because it helps keep track of a lot of money and makes sure that everything is done fairly and correctly. So, it's like a very special book that people use to make sure everything is going okay!