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Understanding Basics

Unlocking the Fundamentals of Knowledge

Understanding Basics

Unlocking the Fundamentals of Knowledge

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Accounting Chapters

  • 1. Intl. Financial Reporting Standards
  • 2. Accounting Introduction
  • 3. Accounting Principles
  • 4. Business Combinations
  • 5. Accounting Cycle
  • 6. Financial Statements
  • 7. Non-Current Assets
  • 8. Fixed Assets
  • 9. Investments
  • 10. Revenue Recognition
  • 11. Current Assets
  • 12. Receivables
  • 13. Inventories
  • 14. Shareholders’ Equity
  • 15. Liability Accounts
  • 16. Leases
  • 17. Accounting for Taxes
  • 18. Employee Benefits
  • 19. Accounting for Partnerships
  • 20. Financial Ratios
  • 21. Cost Classifications
  • 22. Cost Accounting Systems
  • 23. Cost Behavior
  • 24. CVP Analysis
  • 25. Relevant Costing
  • 26. Capital Budgeting
  • 27. Master Budget
  • 28. Inventory Management
  • 29. Cash Management
  • 30. Standard Costing
2. Accounting Introduction

1. Accounting Introduction

Accounting is the method of documenting, gathering, and analysing financial transactions in order to produce...

2. Accounting Introduction

2. Business Transaction

A business transaction is a monetary acitivity that involves the exchange of goods, services, or...

2. Accounting Introduction

3. Accounting Equation

The accounting equation is cornerstone for double-entry bookkeeping. It states that resources (also known as...

2. Accounting Introduction

4. Expanded Accounting Equation

The fundamental accounting equation is extended to incorporate new components like owner’s capital, common shares,...

2. Accounting Introduction

5. Asset

An asset is anything that has value and can be converted into cash. The main...

2. Accounting Introduction

6. Equity

Equity is defined as “the residual interest in an entity’s assets that remains after liabilities...

2. Accounting Introduction

7. Credit & Debit

In accounting, credit and debit refer to the two sides of transactions. Transactions are either...

2. Accounting Introduction

8. Double Entry Accounting

Modern accounting is built on the idea of double entry accounting, which is utilised in...

2. Accounting Introduction

9. Accounting Journals

Introduction In accounting a journal is a book that is used for noting all the...

2. Accounting Introduction

10. Ledger

A ledger is a bookkeeping device used to record financial transactions. Transactions are recorded in...

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Understanding Basics

Unlocking the Fundamentals of Knowledge

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