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ACCOUNTING BASICS (OUTLINE)

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Read our Explanation (7 Parts) free

Our Explanation of Accounting Basics uses a simple story to introduce important
accounting concepts and terminology. It illustrates how transactions will be
included in a company's financial statements.

Part 1Introduction to Accounting Basics, A Story for Relating to Accounting
Basics Part 2Income Statement Part 3Balance Sheet – Assets Part 4Balance Sheet –
Liabilities and Stockholders' Equity Part 5Statement of Cash Flows, Double-Entry
System, Sample Transaction #1 Part 6Sample Transactions #2 - #3 Part 7Sample
Transactions #4 - #6 Take our Practice Quiz free

This 21-question quiz is a fast way to assess your understanding of the
Accounting Basics Explanation. It's also a great warmup for our Quick Tests.

Review our Q&A free

We've answered 247 popular questions related to the topic Accounting Basics.
Review them all or use the search box found at the top of each page of our
website for your specific questions.

Review our Flashcards

Our flashcards for the topic Accounting Basics will help you master key terms
and definitions. You can view them on any device or print them out.

Solve our Word Scramble free

If you find Accounting Basics terminology difficult, this Word Scramble will
provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle #1 free

We created this crossword puzzle for you to learn, review, and retain
terminology for the topic Accounting Basics in a more fun format.

Solve our Crossword Puzzle #2 free

We created this crossword puzzle for you to learn, review, and retain
terminology for the topic Accounting Basics in a more fun format.

Review our Cheat Sheet

Our Accounting Basics Cheat Sheet highlights the accounting process, double
entry, general ledger accounts, and the resulting external financial statements.

Take our Quick Test #1

This graded 30-question test measures your understanding of the topic Accounting
Basics. Discover which concepts you need to study further and enhance your
long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2

This graded 30-question test measures your understanding of the topic Accounting
Basics. Discover which concepts you need to study further and enhance your
long-term retention. All of our quick tests can be taken online and/or printed.

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Bookkeeping. The certificates include Debits and Credits, Adjusting Entries,
Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement,
Working Capital and Liquidity, Financial Ratios, Bank Reconciliation, and
Payroll Accounting. Click here to learn more.

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ABOUT THE AUTHOR

Harold Averkamp (CPA, MBA) has worked as a university accounting instructor,
accountant, and consultant for more than 25 years. He is the sole author of all
the materials on AccountingCoach.com. Read more about the author.

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How to Begin (Video)
 1.  01. Accounting Basics
 2.  02. Debits and Credits
 3.  03. Chart of Accounts
 4.  04. Bookkeeping
 5.  05. Accounting Equation
 6.  06. Accounting Principles
 7.  07. Financial Accounting
 8.  08. Adjusting Entries
 9.  09. Financial Statements
 10. 10. Balance Sheet
 11. 11. Working Capital and Liquidity
 12. 12. Income Statement
 13. 13. Cash Flow Statement
 14. 14. Financial Ratios
 15. 15. Bank Reconciliation
 16. 16. Accounts Receivable and Bad
     Debts Expense
 17. 17. Accounts Payable
 18. 18. Inventory and Cost of Goods Sold
 19. 19. Depreciation
 20. 20. Payroll Accounting
 21. 21. Bonds Payable
 22. 22. Stockholders' Equity
 23. 23. Present Value of a Single Amount
 24. 24. Present Value of an Ordinary Annuity
 25. 25. Future Value of a Single Amount
 26. 26. Nonprofit Accounting
 27. 27. Break-even Point
 28. 28. Improving Profits
 29. 29. Evaluating Business Investments
 30. 30. Manufacturing Overhead
 31. 31. Nonmanufacturing Overhead
 32. 32. Activity Based Costing
 33. 33. Standard Costing

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