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Accounting Principles (Topic Outline)

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Topic Outline

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Read our Explanation (2 Parts) Free

Our Explanation of Accounting Principles provides you with clear and concise descriptions of the basic underlying guidelines of accounting. You will see how the accounting principles affect the balance sheet and income statement.

Part 1Introduction to Accounting Principles, Underlying Accounting Principles, Assumptions, etc.
Part 2The Effect of Accounting Principles on Financial Statements
Take our Practice Quiz Free

This 20-question quiz is a fast way to assess your understanding of the Accounting Principles Explanation. It's also a great warmup for our Quick Test.

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We've answered 242 popular questions related to the topic Accounting Principles. Review them all or use the search box found at the top of each page of our website for your specific questions.

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Our flashcards for the topic Accounting Principles 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 Principles 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 Principles 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 Principles in a more fun format.

Solve our Crossword Puzzle #3 Free

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

Review our Cheat Sheet

Our Accounting Principles Cheat Sheet gives you a brief but clear understanding of 13 of the basic underlying accounting principles, assumptions, and guidelines and their impact on the financial statements.

Take our Quick Test

This graded 20-question test measures your understanding of the topic Accounting Principles. 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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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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Certificates of Achievement

We now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping:

  • 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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