List of 10 Basic Accounting Principles Here’s a list of more than 5 basic accounting principles that make up GAAP in the United States. I wrote a short description for each as well as an explanation on how …

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 …

Test your knowledge of the accounting principle with multiple choice questions and quizzes.

Learning GAAP and its accounting principles will not only help you understand basic accounting, but it will help you analyze transactions and financial statments in the future. GAAP is developed by the …

The GAAP hierarchy is extensive and includes many accounting principles and concepts including: the objectivity, cost-benefit principle, going concern, monetary unit, revenue recognition, and business …

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The full disclosure principle states that information that would make a difference to financial statement users or would be useful in decision-making should be disclosed in the financial statements.

Complete Guide to Basic Accounting Fundamentals, Equations, Concepts & Principles

An accounting worksheet is a tool used to help bookkeepers and accountants complete the accounting cycle and prepare year-end reports like unadjusted trial balances, adjusting journal entries, adjusted …

The matching principle states that expenses should be recognized and record when those expenses can be matched with the revenues those expenses helped to generate.