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Accounting Basics

Accounting Basics

Learn financial tracking, reporting, and the language of business numbers.

38 Concepts Finance & Business 📖 Story-Based

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Accounting Foundations

Introduction to Accounting

Core Accounting Principles

Qualitative Principles

The Accounting Equation

Recording Transactions

Double-Entry System

Journalizing Transactions

Posting and Trial Balance

Adjusting Entries

Financial Statements

Financial Reporting Basics

Income Statement

Balance Sheet

Statement of Cash Flows

Closing Process

Business Types and Operations

Current Assets

Cash Management and Controls

Investment Accounting

Accounts Receivable Basics

Uncollectibles and Notes

Inventory Accounting

Long-Term Assets

Fixed Assets and Depreciation

Other Long-Term Assets

Liabilities

Accounts Payable and Purchases

Other Current Liabilities

Long-Term Debt and Bonds

Equity

Non-Corporate Equity

Corporate Stock Transactions

Corporate Equity Reporting

Cost Accounting

Cost Classification

Manufacturing Accounting

Costing Systems

Standard Costing and Variances

Planning and Control

Cost-Volume-Profit Analysis

Budgeting

Responsibility Centers

Performance Measurement

Analysis and Decisions

Managerial Decisions

Financial Analysis Methods

Financial Ratios