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Basic Accounting Concepts MOD APK 1.9, Free
Basic Accounting Concepts breaks down the core accounting concepts, principles and terms into short, easy-to-follow lessons. It covers 34 topics, 14 diagrams and 40 ratio formulas laid out in tables, from the accounting equation through to GAAP and financial ratios. Use it as a pocket reference: look up an accounting term, check what a ratio actually measures, or work through a full section from start to finish. Every topic is written in plain language, with examples wherever they help. What you will learn Accounting Basics • What accounting is and who relies on it • The Accounting Equation (assets = liabilities + equity) • The Balance Sheet • Double Entry Bookkeeping, explained with simple examples • Profit and Loss Account • Reporting Period and Conversion Period Formulas and Ratios • Operating cycle and cash conversion cycle • Liquidity ratios: current ratio, quick ratio, cash ratio and working capital • Profitability and activity (turnover) ratios • Financial leverage ratios • Shareholder and return ratios (ROA, ROE and ROCE), including the DuPont model • Each formula together with what it measures and how to interpret the result Terms and Concepts • Financial statements: balance sheet, income statement, cash flow statement and statement of stockholders' equity • Financial ratios • Accounting principles and assumptions: historical cost, revenue recognition, matching, full disclosure, going concern, materiality, conservatism, consistency and more • Bookkeeping, debits and credits • Adjusting entries and bank reconciliation • Petty cash, accounts receivable and bad debts expense, accounts payable • Inventory and cost of goods sold • Depreciation • Cost behavior and break-even point • Payroll accounting and standard costing • Accounting pronouncements: GAAP, the FASB Codification and IFRS • Accounting bodies such as the FASB, SEC, AICPA, IASB and IMA Features • 34 short topics across 3 sections, each readable in a few minutes • 14 clear diagrams of key concepts, such as the accounting equation, double entry and the cash flow statement • 40 ratio formulas in tables, with the meaning of each result • Search every accounting term and topic at once • Previous and Next buttons to move through a section in order • Clean design with dark mode • All content is built into the app, so it works offline and needs no account • Available in 8 languages: English, Español, Português, Français, Deutsch, العربية, हिन्दी and Bahasa Indonesia Who it is for • Students on school, college and university accounting and business courses • Beginners who want to understand accounting principles and financial statements • Anyone who comes across an accounting term at work and wants a quick, clear explanation • Useful for revising an introductory accounting or finance course Basic Accounting Concepts is an independent study aid. It is not affiliated with the FASB, IASB or any other accounting body, exam board or university, and it does not replace your course textbook or professional advice.
Basic Accounting Concepts Introduction
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