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Accounting Basics (Topic Outline)

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Topic 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 246 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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Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
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