Basic Accounting Concepts
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Basic Accounting Concepts
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FAQ Basic Accounting Concepts

FAQ Basic Accounting Concepts | Basic Accounting Concepts | Scoop.it
This e-book is a guide and reference resource for students of accounting (and its subsidiary, bookkeeping). In simple language, it explains the basic accounting concepts and why they are important in the process and application of accounting/bookkeeping.

Basically, the mechanics of accounting is little more than adding and subtracting figures, and sometimes applying a percentage. So, it is not usually the maths of accounting that students find difficult to grasp. Rather, it is the WHY of accounting.

This book compiles answers provided by Peter Baskerville to questions about the WHY of basic accounting. It is designed as a learning resource that users can ‘dip in and out of’ as they seek answers to specific questions, rather than as a book to be read sequentially from cover to cover. As a result, there is some necessary repetition to ensure answers to all questions are contained and comprehensive.

Peter has taught bookkeeping and accounting for many years at a technical college, and has first-hand experience in helping students to understand basic accounting concepts.

Peter explains the background and first principles that underpin each concept. The answers are grouped and ordered according to the standard learning process in accounting, but their focus is on the WHY: why accounting and bookkeeping operate as they do.
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The Accounting concepts part 1

This video is about the accounting concepts, which are very important when preparing the final accounts (including the financial statements - incom
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Importance of Accounting

Importance of Accounting | Basic Accounting Concepts | Scoop.it

The importance of accounting and its scope has increased, as accountancy has not just remained a skill of keeping records. Deep analysis, compliance, rectification, and lawfulness have become some new integrals of accounting.

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Accounting, Financial – Why Learn Accounting

Accounting Instruction Help & How To Mission – One stop location for users to find answers to questions about accounting related topics in a format that any ...

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Accounting Play - YouTube

Accounting Play - YouTube | Basic Accounting Concepts | Scoop.it
AccountingFlash creates iPhone and iPad apps to teach accounting fast. Apps strive to engage every sense: Visual, audio, and tactile. You tube videos are des...
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Free Accounting Textbooks

Free Accounting Textbooks | Basic Accounting Concepts | Scoop.it

Made available to students from the Center for Open Education - Free textbooks on 

  • Financial Accounting
  • International Finance: Theory and Policy
  • Introduction to Financial Accounting
  • Managerial Accounting
  • Money and Banking
  • Personal Finance
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Free accounting course

Learn accounting understand business
001 Introduction to the Course
002 Basics of Accounting
003 Cash Vs Accrual Basis
004 Accounting Cycle
005 Managing Inventory
006 Accounting for Sales
007 Reconciling Cash
008 Accounting for Payroll
009 Breaking Down the Balance Sheet
010 DepreciationAmortization
011 Trial Balance
012 Adjusting Entries
013 Preparing Financial Statements
014 Wrapping up the Accounting Cycle
015 Ratio Analysis

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Learn accounting in 30 minutes - and have fun! Accounting for non-accountants

Entertaining and informative. You truly will be able to prepare a simple set of books after watching this short video!
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Basic Accounting part 1 - YouTube

Pennsylvania Institute of Technology HUM130: Society and Finance Basic Accounting Principles Part 1
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39 Lessons on Accounting - by Prof. Dave Krug

Accounting 1: Program #1 "Introduction to Class" dkrug@jccc.edu
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Free - Intermediate Financial and Management Accounting course by ACCA

Free - Intermediate Financial and Management Accounting course by ACCA | Basic Accounting Concepts | Scoop.it
Get business-ready and prepare for a qualification by building your finance and accountancy skills with this course from ACCA-X. 
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Starts July 6, 2015


Building on what you learned in Introduction to Financial and Management Accounting, this free online course from the Association of Chartered Certified Accountants will:

  • Enhance your finance and accountancy skills, exploring how to prepare financial statements and use accounting concepts to aid decision-making
  • Arm you with the knowledge you need to take your exams in Maintaining Financial Records (FA2) and Managing Costs and Finance (MA2).
  • Prepare you for a position as an accounting administrator or bookkeeper.
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Financial accounting
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Letstute Accountancy - YouTube

Letstute Accountancy - YouTube | Basic Accounting Concepts | Scoop.it
Let’s Tute is an E-learning platform with a goal to provide quality education by simplifying concepts based on various aspects of Accountancy thereby makin
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8.4. Accounting concepts (lesson 6)

The effect of the sale of goods on the accounting equation (EMS Grade 8).
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Accounting University - YouTube

Accounting University - YouTube | Basic Accounting Concepts | Scoop.it

Free course containing videos explaining issues and processes in accounting.

Peter John Baskerville's insight:
Videos will Teach you How to Read, Understand and Interpret Financial Statements from a teacher who has taught accounting concepts for over 5 years now.
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30+ Videos on Basic Accounting Tutorials

30+ Videos on Basic Accounting Tutorials | Basic Accounting Concepts | Scoop.it

http://www.macsfinance.com The Best Business Finance and Accounting Short Courses for Beginners 

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10 Videos explaining Basic Accounting Concepts

10 Videos explaining Basic Accounting Concepts | Basic Accounting Concepts | Scoop.it
Let’s Tute is an E-learning platform with a goal to provide quality education by simplifying concepts based on various aspects of Accountancy thereby making ...
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50 Accounting Videos

50 Accounting Videos | Basic Accounting Concepts | Scoop.it

Over 50 videos explaining the basic accounting concepts.

Peter John Baskerville's insight:

AccountingFlash creates iPhone and iPad apps to teach accounting fast. Apps strive to engage every sense: Visual, audio, and tactile. You tube videos are designed to supplement apps and help you learn Accounting concepts such as debits and credits, assets, liabilities, equity, financial statements, FIFO, LIFO, and the accounting equation are covered. Accounting Flashcards are used for on the go learning.

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Basic Accounting part 2 - YouTube

Pennsylvania Institute of Technology HUM130: Society and Finance Basic Accounting Principles Part 2
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Debits and Credits - Account Groups

Understand the debit and credit relationship with account groups.-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animat...
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Understand the debit and credit relationship with account groups.-

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MYOB Accounting training videos

MYOB Accounting training videos | Basic Accounting Concepts | Scoop.it

Training Videos covering:

  • Bringing Accounting into MYOB
  • MYOB - Credit Returns (Sales and Purchases) 
  • MYOB - Credit Purchases
  • MYOB - Credit Sales
  • MYOB - Bank deposits and reconciliations
  • MYOB - Spending and Receiving Cash
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Debit or Credit? Account Group Balances

Debit or Credit? Account Group Balances | Basic Accounting Concepts | Scoop.it

An video that explains why different account groups have different debit and credit balances.

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