Overview of the Accounting Principles

There are many principles to learn when studying the science of Accounting. Handling money in our daily life doesn’t always align with this science, because many people do not consider the many technical aspects that are involved with money.

Certain principles govern the way that money works in our society, and much can be learned from studying these. While no system is perfect, accounting is an incredible and conservative way to measure economic activity and wealth. If you need a refresher, or just want to learn for the first time, the lessons below will be a great start on the technical side of accounting.

Fundamental Financial Accounting Principles

Objective of Accounting
Income Drivers in Accounting
Profit Motive of Business
Business Organization to Drive Income
Accounting’s Relationship to Economics
Economics of Employment
Various Types of Capital
Organization of Financial Accounting

Books of Account/Organizational

Methods of Bookkeeping
Single Entry vs Double Entry Bookkeeping
Debits and Credits Explained
Structure of Accounts
Account Keeping
Definition of the Trial Balance
Classification of Accounts

Accounting made easy, for FREE!

Access the contact form and send us your feedback, questions, etc. We are always welcome to help someone out. You can also contact us if you wish to submit your writing, cartoons, jokes, etc. and we will consider posting them to share with the world! The Facebook and LinkedIn groups are also good areas to find people interested in accounting like yourself, don’t hesitate to join as everyone of all levels are welcome to become part of the community.

Are You Ready to Take Your Accounting Skills to the Next Level on the Information Highway?

How Can We Help?