Accounting Principles (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
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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.

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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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