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.
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.
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.
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.
If you find Accounting Basics terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Accounting Basics in a more fun format.
We created this crossword puzzle for you to learn, review, and retain terminology for the topic Accounting Basics in a more fun format.
Our Accounting Basics Cheat Sheet highlights the accounting process, double entry, general ledger accounts, and the resulting external financial statements.
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.
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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"AccountingCoach was a perfect refresher course. I have a degree in accounting and earned my CPA but that was long, long ago. I spent most of my career as a business consultant and did not use my accounting knowledge on a daily basis. Some 20 years later after taking a few years off I was looking to re-enter the workforce on a part time basis and felt bookkeeping work would provide me with the greatest opportunity and life balance. I found a local company that employed people just like me to do bookkeeping for clients, but I would need to pass an accounting test in order to be hired. However, I was a bit rusty and needed a refresher. After some Internet research I chose AccountingCoach. I ran through the first 20 modules in about a week which covered all of the basics. It was a perfect refresher and everything came back to me. I ended up passing the test with flying colors and have found part time work managing the finances for a small nonprofit in the area." - Jocelyn A.
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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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