Learn Accounting Basics

Want to get into accounting and want to learn some basics? This lesson teaches you the basics of accounting terminology. You will learn the purpose of accounting and the difference between bookkeeping and accounting. You will also learn about CPAs, or Certified Public Accountants, and CMAs, or Certifie Managerial Accountants. This lesson also covers basic accounting ideas, like GAAP (Generally Accepted Accounting Principles) and a fiscal period. Finally, you will get an overview of different accounting methods, including Double Entry Accounting, Strict and Modified Cash Method and the Accrual Method.

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Basic info

03/20/2009

~ alexjurek

This is good basic accounting info for anyone who does not have an accounting background. Great definitions and an overview of standard accounting methods (I never knew there was more than one!).

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