LibGuides: Basic Accounting Resources: Accounting Basics & Principles

Concepts and Tutorials

Accounting basics
Accounting Dictionary
(http://www.accountingtools.com/dictionary-a-summary) - Dictionary of accounting terms A-Z.
Accounting Equation
(http://www.accountingcoach.com/accounting-equation/explanation) - An introduction to the accounting equation, followed by illustrations of sole proprietorship transactions and nearly identical transactions as they would take place in a corporation.
Accounting Podcasts
(http://www.accountingtools.com/podcast-index/) - Index of Accounting Best Practices podcasts organized into 18 categories. Click on "Listen Now" next to any episode.
Accounting Principles
(http://www.accountingcoach.com/accounting-principles/explanation) - These general rules–referred to as basic accounting principles and guidelines–form the groundwork for more detailed, complicated, and legalistic accounting rules. The ten main principles, on which the GAAP is based, are summarized here.
Accounting Principles & General Concepts
(http://www.accountingtools.com/accounting-principles/) - Provides short discussions of about 20 topics related to Accounting Principles. Scroll down further to find discussions of General Accounting concepts.
Basic Accounting Concepts
(http://www.accounting-basics-for-students.com/basic-accounting-concepts.html) - Chapter One of the book Accounting Basics, freely available online. It consists of seven lessons and a test, consisting of 9 multiple choice questions.

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Basic Accounting Principles
(http://www.accountingtools.com/basic-accounting-principles) - Overview of 13 basic accounting principles
Bragg's Laws of Accounting
(http://www.accountingtools.com/questions-and-answers/braggs-laws-of-accounting.html) - Explanation of the three laws of accounting formulated by Steven Bragg.
Dictionary of Accounting Terms
(http://www.accountingcoach.com/terms) - From Accounting Coach
Professor Bean Counter's Mini Lectures
(https://www.youtube.com/playlist?list=PLuARbs1Yww_uTWsyQh95xe7rMrZA41qtB) - These 12 mini lectures last approximately 35 minutes in total. Each short video presentation on accounting and bookkeeping topics is accompanied by a written transcript.

Games, Exercises, and Quizzes

Accounting Basics Quiz
(http://www.accountingcoach.com/accounting-basics/quiz) - 21 multiple choice and fill in the blank questions.
Accounting Equation Quiz
(http://www.accountingcoach.com/accounting-equation/quiz) - 20 multiple choice and fill in the blank questions.
Accounting Principles Quiz
(http://www.accountingcoach.com/accounting-principles/quiz) - 20 multiple choice and fill in the blank questions.
Bean Counter's Bookkeeping & Accounting Quizzes and Games
(http://www.dwmbeancounter.com/BCTutorSite/TestLectures/Tests/BCOnlineQuiz.html) -Includes over 150 regular and quick response quizzes, skills tests, games, and puzzles. They cover introductory bookkeeping and accounting concepts and are provided for those wanting exams to test their accounting and bookkeeping knowledge and skills while having a little fun too.
Crossword Puzzles
(http://www.accountingcoach.com/crossword-puzzles) - Puzzles from Accounting Coach include ones for Accounting Basics, Accounting Equation, Accounting Principles, and many more.
Test Yourself - Quizzes, Crossword Puzzles, and Word Scrambles
(http://www.accountingcoach.com/test-yourself) - Quizzes, crossword puzzles, and word scrambles for all accounting and bookkeeping topics on the Accounting Coach website
Word Scrambles
(http://www.accountingcoach.com/word-scrambles) - Word scrambles from Accounting Coach for Accounting Principles, as well as many other accounting topics.

Videos

Accounting Basics and Definitions (29 min)
Matching Concept and Accounting Cycle (24 min)
Managing Inventory (25 min)
Managing Assets and Payroll (25 min)

Professor Bean Counter's Mini Presentations (YouTube)
This set of 14 short videos, lasting a total of 45 minutes,, break accounting and bookkeeping topics down into small bites. Two are embedded below: Accounting Rules and Accounting Equation.