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Accounting Fundamentals Resources

Home Finance Finance Resources Accounting Fundamentals Resources

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Accounting Fundamentals Resources & Guides

eduCBA has created hundreds of articles and free excel templates to help you learn accounting. Here we learn about the basics of financial accounting, financial reporting, it's functioning, the logic behind the double-entry recording scheme, and financial statements (balance sheet, income statement, and cash flow statement).

To cover this part, we have taken various examples of comparative benefit, budgeting, and economics. Through these posts, you will learn the desired knowledge to attain employment, internships, and more. Simply put, our accounting resources will help you gain a better understanding of Accounting Fundamentals.

Accounting Fundamentals Resources Resources

IFRS in India

IFRS Vs US GAAP

Ratio Analysis

EPS vs Diluted EPS

Best Ways To Get Finance Job From Engineering (Infographics)

Finance for Non Finance Professionals

Private Equity Analyst

Helpful Guide On Latest Tax Slabs and Rates for AY 2022-2023

Finance Degree Career

32 Tips to Get Better in Business and Finance (Informative)

Bidding vs Auction

Direct Tax vs Indirect Tax

4 Reasons Why Financial Analytics is Becoming More Important

Currency Exchange Trading Goals

Leasing vs. Buying

Gross Income vs Net Income

Stocks vs Bonds

Long Term vs Short Term Capital Gains

Buying vs Leasing

Lease vs Rent

Interest Rate vs. APR

Assets vs Liabilities

Revenue vs Income

Debt vs Equity

FIFO vs LIFO

Bookkeeping vs Accounting

Financial Lease vs Operating Lease

EBIT vs EBITDA

Short Term vs Long Term Capital Gains

Limited Liability Company (LLC)

Revenue vs Sales

Common stock vs Preferred stock

US GAAP vs IFRS

Finance vs Economics

CPA vs CMA

Debit vs Credit

Investing vs Savings

Active vs Passive Investing

Financial Accounting vs Management Accounting

Revenue vs Earnings

ACA vs ACCA

ACCA vs CPA

Budget vs Forecast

Positive Economics vs Normative Economics

CA vs ACCA

Stock vs Options

Accounting vs Financial Management

Liquidity vs Solvency

Current Account vs Capital Account

Franchising vs Licensing

Stock vs Equities

Inflation vs Deflation

GDP vs GNP

Direct cost vs Indirect Cost

Sole Proprietorship vs Partnership

Economic Growth vs Economic Development

FCFF vs FCFE

Tax Credit vs Tax Deduction

Public vs Private Accounting

Capex vs Opex

Chapter 11 vs Chapter 13

BSE vs NSE

Loans vs Advances

Discount Rate vs Interest Rate

ROIC vs ROCE

Revenue vs Profit

10K vs 10Q

Large Cap vs Small Cap

Shares Outstanding vs Float

Contribution Margin vs Gross Margin

Accrual Accounting vs Cash Accounting

Accrual vs Deferral

Costs vs Expenses

Depreciation vs Amortization

Asset Purchase vs Stock Purchase

Accrual vs Provision

Actuary vs Accountant

Day Trading vs Swing Trading

Stock vs Inventory

Liability vs Expense

Liability vs Debt

Dividends EX-Date vs Record Date

Bid Price vs Ask Price

Dividend vs Growth

General Journal vs General Ledger

Variance vs Standard Deviation

IRA vs 401 (k)

CEO vs President

Margin vs Markup

Corporation vs LLC

Leasehold vs Freehold

Non-Profit vs Not For Profit

Lending vs Borrowing

CFO vs CEO

Purchase vs Procurement

Equity vs Fixed Income

Deficit vs Debt

Cost vs Price

C Corp vs S Corp

Outsourcing vs Offshoring

Absolute Advantage vs Comparative Advantage

Gross Salary vs Net Salary

Tangible vs Intangible

Nominal GDP

Short Sale vs Foreclosure

Creditor vs Debtor

Company vs Firm

Corporation vs Incorporation

Industry vs Sector

Expense vs Expenditure

Bank Draft vs Certified Cheque

Margin vs Profit

Secured vs Unsecured Credit Card

Hard Money vs Soft Money

Executive Director vs Managing Director

Entrepreneurship vs Management

Graphs vs Charts

Loan vs Mortgage

Internal Audit vs External Audit

Fair Value vs Market Value

Manufacturing vs Production

Chief Executive Officer vs Managing Director

Random Error vs Systematic Error

401(K) vs Roth IRA

403(b) vs 457

Memorandum of Association vs Article of Association

Adjusting Entries

Geometric Mean vs Arithmetic Mean

Turnover vs Profit

Effective Interest Rate

Working Capital Ratio

Loan vs Lease

Direct Method of Cash Flow Statement

Operating Profit vs Net Profit

Real GDP

Market Equilibrium

Economics vs Business

Time vs Money

Z score vs T score

Trade Discount vs Cash Discount

Shares vs Debentures

Profitability vs Liquidity

NASDAQ vs Dow Jones

Average vs Weighted Average

Equity vs Asset

Real Interest Rate

Account Payable vs Accrued Expense

Indirect Costs

Issued Shares vs Outstanding Shares

Coupon vs Yield

Annuity vs IRA

Pension vs Annuity

Debt Consolidation vs Bankruptcy

Equity vs Commodity

Current Assets vs Non Current Assets

Equity vs Shares

Economic Utility

Purpose of Income Statement

Cost of Sales vs Cost of Goods Sold

Historical Value vs Fair Value

General Ledger vs Trial Balance

Actual Cash Value vs Replacement Cost

Job Costing vs Process Costing

Standard Cost vs Actual Cost

401k vs Annuity

Career in Finance

Bid Price vs Offer Price

Equity Shares vs Preference Shares

Cost Accounting vs Financial Accounting

Generally Accepted Accounting Principles

Percentage of Completion Method

What is EBITDA?

Disposable Income

Liabilities in Accounting

Chapter 7 vs Chapter 11

Fixed Costs Examples

Globalization Examples

Risk Assessment Example

Bootstrapping Examples

Inflation Accounting

Quantitative Research Examples

Monopoly Examples

Monopolistic Competition Examples

Defined Benefit Plan

Cognitive Dissonance Example

Joint Venture Example

Variable Costing Example

Opportunity Costs Examples

Acquisition Examples

Stakeholders Example

Histogram Examples

Budgeting Examples

Trial Balance Example

Command Economy Examples

Economic Examples

Sunk Cost Examples

Mean Example

Journal Examples

Standard Deviation Examples

Compounding Example

Compound Interest Example

Derivatives Example

Profit vs Income

Joint Venture vs Partnership 

Annuity vs Lump Sum

Accounting vs CPA

Period Cost vs Product Cost

Comparative Advantage Example

Bank Reconciliation Example

Investment vs Speculation

Competitive Advantage Example

Horizontal Integration Example

Red Herring Example

Fixed Asset Examples

Partnership Example

Statement of Retained Earnings Example

Statement of Cash Flows

Cost of Goods Sold Example

Loan Sharks

Revenue vs Turnover

Cash Ratio

Cash Reserve Ratio

Quick Ratio

Long Term Liabilities Example

Operating Expense Example

Defensive Interval Ratio

Statement of Income Example

Equity Ratio

Solvency Ratio

Financial Analysis Example

Financial Reporting Examples

Capital Adequacy Ratio

Working Capital Example

Cash Flow From Operations Ratio

CFO vs Controller

Bill of Sale Examples

Break Even Analysis Example

Operating Ratio

Stock Turnover Ratio

Gross Profit Ratio

Accounts Receivable Turnover Ratio

Functions of Financial Market

Days in Inventory

Days Inventory Outstanding

Accounting Interview Questions

Accounts Payable Turnover Ratio

Unadjusted Trial Balance

Revenue Expenditure

Days Sales Uncollected

Days Sales Outstanding

EBITDA

Asymmetric Information

Days Payable Outstanding

Average Collection Period

Profit Margin

EBITDA Margin

Working Capital Turnover Ratio

Marginal vs Effective Tax Rate

Gross Profit Percentage

OIBDA

Limited Partner vs General Partner

Basic EPS

Cash Flow Return on Investment

Public Company vs Private Company

Fixed Cost vs Variable Cost

Market Order vs Limit Order

Return on Total Assets

Hard Cost vs Soft Cost

Return on Average Assets

Ethereum vs Ethereum Classic

Capital Employed

LLC vs Inc

Return on Average Capital Employed

Return on Equity

Stocks vs Real Estate

Return on Capital Employed

Diluted Earnings Per Share

Adjusted EBITDA

Common Size Income Statement

Vertical Analysis of Income Statement

Capital Lease vs Operating Lease

Insolvency vs Bankruptcy

Contribution Margin Income Statement

Debt Financing vs Equity Financing

Return on Sales

Activity Based Budgeting

Calendar Year vs Fiscal Year

Direct Materials

Accounting Method

Drag-Along Rights

Interest vs Dividend

Special Journal

Sole Proprietorship vs LLC

Leveraged Lease

Merger Accounting

Stock Option vs RSU

Predetermined Overhead Rate

Temporary Account

Cash Management

Manufacturing Overhead

Asset Retirement Obligation

Inventory Valuation Methods

Replacement Cost

Capitalizing vs Expensing

Return on Invested Capital

EBITDA vs Net Income

LLC vs Partnership

Investment Banking vs Private Equity

CPA vs CA

CA vs MBA

CA vs CS

Current Ratio vs Quick Ratio

Trial Balance vs Balance Sheet

Unit Contribution Margin

EBIT vs Operating Income

Income Tax vs Payroll Tax

Debit Note vs Credit Note

EBIT vs Net Income

Shareholder vs Stakeholder

GAAP vs Non-GAAP

Finance vs Lease

Private Equity vs Hedge Fund

Mortgage Banker vs Broker

Revenue vs Net Income

EBITDA vs Operating Income

Transaction Exposure

Accounts Payable vs Notes Payable

Gross sales vs Net sales

Systematic Risk vs Unsystematic Risk

Accounting Ratios

Shell Corporation

Management Accounting Career

Accounting Career

Forensic Accounting Career

Funds from Operations

Cycle Counting

Cost Accounting Career

General Ledger Accounting

Going Concern Concept

Actuaries Career

Stock Beta

Overhead in Cost Accounting

Treynor Ratio

Accounting Templates in Excel

Accounts Receivable Aging

Cost Principle

Bank Draft

Accounting Scandals

Cost Benefit Principle

Accrual Accounting Examples

Fiscal Year

Financial Statement Limitations

Grey List

Objectives of Financial Statements

What are Accounting Principles?

Accounting Controls

Users of Financial Statements

Accounting Cycle

Accounting Estimates

Accounting Information System

Accounting Transaction

Window Dressing in Accounting

What are Accounting Policies?

Fringe Benefits

Full Disclosure Principle

Financial Statement Examples

Sunk Cost

Limitations of Financial Statement Analysis 

3 Types of Inventory

Capital Reserve 

Cook the Books 

Non-Performing Assets (NPA)

Revenue Reserve

Commitments and Contingencies

Conservatism Principle of Accounting

Money Measurement Concept

Materiality Concept

Types of Accounting

Types of Financial Statements

Balance Sheet Items

Components of Financial Statements

Cost Method

Related Party Transactions

Relevance in Accounting

Responsibility Accounting

Tragedy of the Commons

Perpetual Inventory System

Intangible Assets Examples

Goodwill

Working Capital Loan

Consolidated Financial Statement

Contingent Asset

Cash and Cash Equivalents

Fixed Assets

Current Asset

Financial Assets Types

Financial Assets

Wasting Asset

Write Off

Objectives of Financial Statement Analysis

Earnout

Hire Purchase

Sublease

Off Balance Sheet

Liabilities Example

Leasehold

Off Balance Sheet Financing

Revolving Credit Facility

General Reserve

Non-Current Liabilities Examples

Cash Equivalents

Types of Assets

Assets List

Deferred Income Tax

Working Capital Management Importance

Accounts Payable Cycle

Accounts Receivable Process

List of Operating Expenses

Accrued Revenue

Extraordinary Items

Deferred Tax

Long Term Liabilities

Income Tax Accounting

Non-Operating Expenses

Non-Qualified Stock Options

Marginal Costing vs Absorption Costing

Audit Objectives

Audit Report Types

Unrealized Gains and Losses

Warranty Expense

What is Budgeting?

WIP Inventory

Current Liabilities

Zero Based Budgeting

Types of Liabilities on Balance Sheet

Inventory Audit

Estimated Tax

Dividend Declared

Interim Reporting

SG & A Expenses

Tax Lien

Excise Tax Examples

Accelerated Share Repurchase

Accounting Ethics

Accrued Expenses

Accounting Profit vs Economic Profit

Accounts Payable Credit or Debit

Accounting for Fair Value Hedges

Long Term Debt in Balance Sheet

Date of Record Dividends

Assets Example

Audit Assertions

Short Term Assets

Revenue Streams

Tax Planning

Other Expenses

Ordinary Shares Capital

Purpose of Cash Flow Statement

Proxy Statement

Earned Income

Explicit Cost

Accrued Expense

Allowance for Doubtful Accounts

Depreciation Tax Shield

Accounts Receivable Financing

Audit Report Qualified Opinion

Audit Report

Book Profit

Budgetary Slack

Capital Budgeting Importance

Cash Flow vs Fund Flow

Cash Flow vs Net Income

NOPAT vs Net Income

Direct vs Indirect Cash Flow Methods

Fixed Budget vs Flexible Budget

Salvage Value

Balance Sheet Analysis

Current Liabilities Examples

Debtor

First in First Out

Deferred Revenue Expenditure

Declining Balance Method of Depreciation

Deferred Revenue

Ex-Dividend Date

Financial Statement Audit

Period Costs

Inventories List

Marketable Securities in Balance Sheet

Gross Sales

Shares vs Mutual Funds

Tax Haven

Marginal Tax Rate

Quant Funds

Quantamental

Risk Control

Estate Tax

Excise Tax

Finance Lease

Financial Assets Examples

Flat Tax

Ad Valorem Tax

Deferred Expenses

Cost of Goods Sold

Cost of Preferred Stock

Cost of Revenue

Accrued Interest

Tangible Net Worth

Unearned Revenue

Financial Statements

Accounts Payable

Interest Income

Net Tangible Assets

Available for Sale of Securities

Accounts Receivable - Debit or Credit

Anti Dilutive Securities

Transaction Risk

Control Activities

Credit Limit

Property Plant and Equipment

Reverse Stock Split

Rolling Forecast

Selling Expenses

Types of Dividends

Utilities Expenses

Audit Report Contents

Bad Debt Reserve

Balance Sheet Equation

Balance Sheet Purpose

Banks Balance Sheet

Book Value of Asset

Book Value of Debt

Budgetary Control

Callable Preferred Stock

Capital Expenditure

Capital Lease Criteria

Carrying Value

Carrying Amount

Cash Dividend

Cash Flow Analysis

Cash Surrender Value

Checking Account

Deferred Tax Liabilities

Completed Contract Method

Current Portion of Long Term Debt

Bullet Bonds

Cash Flow Plans

Implicit Cost

Proportional Tax

Raw Material Inventory

Redeemable Preference Shares

Reserves and Surplus

Revenue Deficit

Share Based Compensation

Sales Budget

Sales Tax

Share Capital

Share Premium

Stock Dilution

Stock Dividend

Stock Splits

Tax Avoidance

Total Assets

Trading Securities in Balance Sheet

Unearned Income

Value Added Tax

Personal Financial Statement

Modified Dietz

Cash Accounting

Accounts Payable Example

Balance Sheet vs Consolidated Balance Sheet

Cash Receipts

Written Down Value Method

Liquid Assets

Variable Costing Income Statement

Tax Shield

Operating Cycle

Depletion Expenses

Depreciation Rate

Dividend Reinvestment Plan

Earnings Before Interest and Tax

EBIT Calculation

Cash Flow From Investing Activities

Cash Flow Statement Examples

Fund Flow Statement

Equipment Lease

Profit After Tax

Homemade Dividends

Break-Even Point in Accounting

Income Statement Basics

Income Statement Formats

Lower of Cost or Market

Tax Loss Carry Forward

Income Statement

Income Summary Account

Owner’s Equity

Owners Equity Examples

Operating Expenses

Income Tax Expense

Incremental Costs

Incremental Revenue

Indirect Tax

Inventoriable Cost

Inventory Shrinkage

Statement of Owner’s Equity

Statement of Retained Earnings

Semi Variable Cost

Sum of Year Digits Method of Depreciation

Straight Line Depreciation Method

Lease Payment

Job Costing

Interest Expense

Prepaid Expenses Examples

Installment Sales

Overhead Budget

Outstanding Shares

Pro-Forma Earnings

Pro Forma Financial Statements

Pretax Income

Profit and Loss Accounting

Master Budget

Minority Interest

Multi-Step Income Statement

Acceleration Clause

Is Dividend Expense?

Net Credit Sales

Is Accounts Receivable an Asset

Is Account Receivable an Asset or Liability

Operating Lease Accounting

Paid in Capital

Additional Paid-Up Capital on Balance Sheet

Deferred Revenue Examples

LIFO Method

MACRS Depreciation

Net Assets

Net Operating Income

Tax Base

Short Term Investments on Balance Sheet

Rolling Budget

Par Value of Stock

Prepaid Expense

Par Value of Share

Periodic Inventory System

Profit and Loss Statement Format

Profit Before Tax

Payroll Tax

Accounting Profit

Gross Sales Formula

Operating Cash Flow Formula

Depreciation

Net Asset Formula

Progressive Tax

Double Declining Balance Method

Profit and Loss Statement Template

Capital Expenditure Examples

Product Cost Examples

Cost Center vs Profit Center

Cash Cow

Liabilities Examples

Holding Company

Leveraged Finance

Limited Partnership

Liquidation

Loan Syndication

Memorandum of Understanding

Tax Evasion

Bookkeeping

Financial Accounting

Gross Income

US GAAP

Marginal Costing

Taxation

Cost of Sales

Administrative Expenses

Contract Costing

Accumulated Depreciation

Equity

Advertising Budget

Depreciation for Building

Depreciation for Rental Property

Business Expenses

Double-Entry Accounting

Revenue

MM (Million)

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