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Ch. 1 - Introduction to AccountingWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Accounting
Ch. 2 - Transaction Analysis
Ch. 3 - Accrual Accounting Concepts
Ch. 4 - Merchandising Operations
Ch. 5 - Inventory
Ch. 6 - Internal Controls and Reporting Cash
Ch. 7 - Receivables and Investments
Ch. 8 - Long Lived Assets
Ch. 9 - Current Liabilities
Ch. 10 - Time Value of Money
Ch. 11 - Long Term Liabilities
Ch. 12 - Stockholders' Equity
Ch. 13 - Statement of Cash Flows
Ch. 14 - Financial Statement Analysis
Ch. 15 - GAAP vs IFRS
Sections
Welcome!
Types of Accounting
Business Organization
Useful Information
Fundamental Accounting Equation
The Financial Statements
Sample Financial Statements - Coca Cola
This section is almost philosophical in nature. How can information be useful? We will first define some general characteristics about useful information. Then, we will relate it to accounting.

Concept #1: Fundamental Qualitative Characteristics

Concept #2: Enhancing Characteristics

Concept #3: Four Underlying Assumptions

Concept #4: Principles of Financial Accounting