Accounting – Table of Contents
Accounting – Table of Contents
- What is Accounting?
- Difference between bookkeeping and accounting
- Role of accountants in a business
- Fundamental Accounting Principles
- The Accounting Equation (Assets = Liabilities + Equity)
- Accrual vs. cash basis
- Types of Accounts
- Real accounts, nominal accounts
- Income, expenses, assets, liabilities, equity
- Financial Statements
- Balance Sheet (what it represents)
- Income Statement (profit & loss)
- Cash Flow Statement (where money goes)
- Recording Financial Transactions
- Journal entries and ledgers
- Understanding T-Accounts
- Adjusting Entries
- Prepaid expenses, accrued revenues/expenses
- Depreciation basics
- Closing the Books
- Post-closing trial balance
- Year-end procedures
- Basic Financial Analysis
- Reading ratios (liquidity, profitability, etc.)
- How analysis helps decision-making