Accounting is known as the language of business. Through a series of steps known as accounting cycle, it gathers information about business transactions, and collates and summarizes them to generate …

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.

Nov 19, 2025 · Accounting is the practice of recording and reporting on business transactions. It involves transaction record keeping and financial reporting.

Jun 9, 2025 · Brush up on basic accounting terms and learn about essential terminology and key concepts.

Feb 25, 2025 · Explore the world of accounting. Learn the basic principles, key concepts, and different types of accounting.

This free, online accounting course breaks down basic accounting topics like accounting principles, debits and credits, the accounting equation, and more accounting concepts into easy-to-read …

Introduction to Accounting Basics This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Once you become familiar …

The basics of accounting are those concepts and methods that are generally applicable to all types of double-entry accounting systems. Important concepts include financial value, assets, liabilities, …

Basic Accounting Principles The Conceptual Framework of Accounting mentions the underlying assumption of going concern. In addition, the concepts of accrual, accounting entity, monetary unit, …

The basic accounting concepts I'm talking about are the fundamentals which will enable you to really understand accounting and put this subject into action. This is the stuff you really need to know to …