I will make everything concrete so I have something to work with. Let $A$ be an algebra, free, and 4-dimensional, and let $A = P_1 \oplus P_2$ be a decomposition into two 2-dimensional free modules. I can then write $$A = \operatorname{End}_A(A) = \operatorname{End}_A(P_1) \oplus \operatorname{End}_A(P_2) \oplus \operatorname{Hom}_A(P_1,P_2) \oplus \operatorname{Hom}_A(P_2, P_1).$$ Multiplication in $A$ is then just matrix multiplication on the right in each $2 \times 2$ block, so I can form the opposite algebra $A^{op}$ by transposing the blocks corresponding to $\operatorname{End}_A(P_1) \leftrightarrow \operatorname{End}_A(P_2)$ and then switching the blocks corresponding to the $\operatorname{Hom}_A(P_i,P_j)$.
Now I have read somewhere, but I cannot find it anymore, that the "quiver representation of the algebra" can be read off this geometric picture on the right. I can't entirely make sense of it, though.
My first thought is that we treat this as a quiver of four vertices with no directed edges, unless $P_1 \cong P_2$ in which case it is a quiver of four vertices with directed edges between all vertices in all directions. Even so, my understanding of quiver representations is quite basic, and I only know to form the path algebra here but am not sure where else to go. I don't know how Gabriel's theorem could apply here to classify the connected quiver in the second case - maybe it 'collapses' into one vertex with 12 loops? Any ideas or clarification here would be wonderful.
Let $X: P_1 \to P_2$ be a linear map and $Y: P_2 \to P_1$ be some other linear map (not necessarily $X^{_1}$, if it exists). Then the graph has two vertices, one for each $P_i$, and two directed edges representing $X$ and $Y$. By doing some matrix multiplication (possible here since we're working with free modules), we can obtain relations among the $X$ and $Y$ - if they're two dimensional, then that's even better. Finally from this quiver and relations we can form the path algebra, and see that this is isomorphic to the algebra itself.