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Review our outline and get started learning the topic Accounting Basics. We offer easy-to-understand materials for all learning styles.

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.

In this context, principles of accounting includes both the underlying basic accounting principles and the official accounting pronouncements issued by the Financial Accounting Standards Board (FASB). …

Review our outline and get started learning the topic Debits and Credits. We offer easy-to-understand materials for all learning styles.

Review our outline and get started learning the topic Bookkeeping. We offer easy-to-understand materials for all learning styles.

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Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with …

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