This tutorial will help you understand the basics of financial accounting and its associated terminologies. You′ll quickly understand how to manage inventory, report income and expenses for public or private companies, evaluate profit margins, analyze business strengths and weaknesses, and manage … What’s Here… Introduction Business Types Business Organization Professional Advice Accounting and Records Accrual Accounting Basic Bookkeeping Chart of Accounts Double-Entry Accounting Debits & Credits The Journal The Ledger Additional Information . You will also see why two basic accounting principles, the revenue recognition principle and the matching principle, assure that a company’s income statement reports a company’s profitability. Audience This tutorial has been designed to help beginners pursuing education in financial accounting or business management. Any enthusiastic reader with basic mathematics knowledge can comprehend this tutorial. In this Basic Accounting Tutorial for Beginners.This is an Accounting playlist to helping beginners figure out some of the Accounting terms. It is not intended nor can it replace formal legal advice. 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 examples, so you can learn accounting faster. accounting debits and credits as we show you how to record transactions. Study the fundamentals of sensible accounting simply and painlessly with Accounting For Dummies, 4th Version, which options new info on accounting strategies and requirements to maintain you updated. Featuring the latest information on accounting methods and standards, this guide shows you how to avoid accounting fraud, minimize confusion, maximize profits, and make sense of accounting basics. Before taking any actions relating to your business, always consult your accountant or a business law/tax attorney. Accounting Basics Important Disclaimer Important Note: The text in this chapter is intended to clarify business- related concepts.

The Need for Accounting Accounting Basics, Part 1 Part 1 Accrual, Double-Entry Accounting, Debits & Credits, Chart of Accounts, Journals and, Ledger .

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