Basic Accounting Concepts - Google Play

Basic Accounting Concepts explains the ideas every accounting student needs, in short, clear lessons with diagrams, formulas and examples.

Accounting Basics
• What accounting is and who uses it
• The accounting equation and the balance sheet
• Double entry bookkeeping, debits and credits
• The profit and loss account and reporting periods

Formulas and Ratios
• Operating cycle and liquidity ratios
• Profitability and activity ratios
• Financial leverage, shareholder and return ratios
• Each formula with what it measures and how to read the result

Terms and Concepts
• Financial statements: balance sheet, income statement, cash flow statement and stockholders' equity
• Accounting principles, adjusting entries and bank reconciliation
• Petty cash, receivables and bad debts, inventory and cost of goods sold
• Depreciation, accounts payable and payroll
• Cost behavior, break-even point and standard costing
• Accounting standards and professional organizations

Made for studying
• Clear diagrams of key concepts
• Search every topic at once
• Previous and Next buttons to work through a section in order
• Dark mode
• Works offline, with no account needed
• Available in 8 languages: English, Español, Português, Français, Deutsch, العربية, हिन्दी and Bahasa Indonesia

Useful for school, college and university accounting courses, and for anyone who wants to understand financial statements. This app is an independent study aid.