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
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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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