Accounting Study Guide

Principles of Accounting: This section provides study guides for students in the principles of accounting courses or introduction to financial accounting courses.
U.S. GAAP by Topic
Sources of U.S. GAAP
Code of Professional Conduct for Accountants
Financial Statements
Annual Report Project Resources
Ratios for Financial Statement Analysis
Liquidity Analysis Ratios
Profitability Analysis Ratios
Activity Analysis Ratios
Cash Flow Analysis Ratios
Capital Structure Analysis Ratios
Capital Market Analysis Ratios
Recording Accounting Transaction
Debits and Credits
Basics of Journal Entries
Examples of Journal Entries
Accounting Cycle
Journals and Ledgers
Adjusting Journal Entries
Trial Balance
Accrual Basis vs. Cash Basis Accounting
Cash Basis Accounting
Accrual Basis Accounting
Revenue recognition
Expense recognition
Present Value, Future Value (PV, FV Conversion Tables)
Simple and Compound Interest Calculations

Accounting for General Users: A guide to accounting for users who are interested in understanding accounting reports. This section explains what users need to know to understand and analyze accounting information provided in the financial statements. No prerequisite is required to read this section.

CPA and Accounting Profession
How to become a Certified Public Accountant (CPA)
Accounting is an information system.
Users of accounting information
Financial accounting for external users
Managerial accounting for internal users
Types of Financial Statements
Financial Statements Index
Balance Sheet
Income Statement
Statement of Cash Flows
Statement of Stockholders' Equity
Elements of Financial Statements (SFAC No. 6)
Balance Sheet provides information about financial position of a company.
Examples of Asset Accounts
Examples of Liability Accounts
Examples of Stockholders' Equity Accounts
Income Statement provides information about the performance of a company.
Earnings Per Share (EPS)Revenue Recognition PrincipleExamples of Revenue and Gain AccountsExamples of Expense and Loss Accounts
Statement of Cash Flows provides information about the cash flow of a company.
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities

Intermediate Accounting: This section provides study guides for students in the intermediate accounting courses. Following topics are discussed in this section.

Accounting for Cash and Receivables
Cash and bank deposits
Accounts receivable
Notes receivable
Allowance for doubtful accounts
Accounting for Inventories
First In First Out (FIFO)
Last In First Out (LIFO)
Dollar Value LIFO
Retail Inventory Method
Gross Profit Method
Lower of Cost or Market (LCM)
Investments in Debt and Equity Securities
Trading securities
Available for sale securities
Debt securities
Property, Plant, and Equipment (PP&E)
Acquisition costs of noncurrent operating assets
Retirement of noncurrent operating assetsCapitalization of interest cost
The Impairment of Long-Lived Assets
The Impairment of a Loan
Goodwill and Other Intangible Assets
Loss and Gain Contingencies
Extraordinary Gains and Losses
Discontinued Operations
Business Combinations
Depreciation Methods
Straight Line Depreciation
Declining Balance Method
Sum-of-the-years-digits Method
Accounting for Bonds Payable
Price of bonds payable
Discount on bonds payable
Premium on bonds payable
Amortization of discount and premium
Early extinguishment of debts
Earnings per Share (Basic and Diluted EPS)
Stockholders' Equity
Common stock
Preferred stock
Par value
Additional paid-in capital
Retained earnings
Treasury stock (Cost method, par value method)
Dividends (Cash dividend, Stock dividend)
Stock split
Initial Public Offering (IPO)

Advanced Accounting: This section provides study guides for students in the advanced accounting courses. Following topics are discussed in this section.

Consolidated Financial Statements
Business Combinations
Accounting for Leases
Operating lease
Capital lease
Accounting for Pension and Post-Retirement Benefits
Pension
Other Post-Retirement Benefits
Accounting for Deferred Income Taxes
Deferred income tax debit
Deferred income tax credit
Accounting for Derivatives and Hedging
Derivatives
Hedging