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TFI Institute

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TFI Institute

The Easy Way to Learn Accounting – for Free!

5,000+ Accounting, Finance, and Business terms & topics explained.

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TFI Institute

Online Learning Hub for Finance professionals

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THE FINANCE INTELLECT

Free Financial Ratio Cheat Sheet

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The field of accounting is often thought of as a set of complex business rules and endless numbers. Well in short, it is. | say that only jokingly, though. Accounting, at its heart, is actually a set of very simple concepts and principles. Once you understand the basics of accounting, you will be able to grasp just about any business or accounting concept. I see it only fitting that we start our accounting training at the beginning with the purpose of financial accounting.

This section of The Finance Intellect explains the fundamentals of accounting like identifying business activities, recording transactions, and understanding the double entry accounting system. | walk you through the basics of accounts, journals, and ledgers as well as the financial statement elements. Essentially, the basics section will give you an understanding of the general accounting terms that are the building blocks of your accounting knowledge.

Here are the basic topics of financial accounting. I wrote an explanation of each concept along with easy to follow examples.

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Why The THE FINANCE INTELLECT ?

  • Accounting Terms

    My accounting dictionary is written completely in everyday, non-accounting language, so you can understand it. I explain each accounting term in detail and give a few examples… Read More

  • Accounting Basics

    Accounting deals with identifying business activities, recording these activities, and communicating these activities with investors and creditors… Read More

  • Accounting Principles

    The rules of accounting is based on a framework of accounting principles and concepts. It is important to understand and memorize these accounting principles because… Read MOre

  • Accounting Cycle

    Accounting cycle is the financial process starting with recording business transactions and leading up to the preparation of financial statements… Read More

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TFI Institute

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They want to Say about Us

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Perfect for what I need. Instructions are great. Easy to use. Beautifully put together! It was so incredibly easy to use. Just what I was looking for! Super pleased! Helped me go through the whole year of income and expenses and sort everything so fast for taxes! 10/10 would recommend! Thank you!

Charles Chacko

From United Kingdom
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Perfect for what I need. Instructions are great. Easy to use. Beautifully put together! It was so incredibly easy to use. Just what I was looking for! Super pleased! Helped me go through the whole year of income and expenses and sort everything so fast for taxes! 10/10 would recommend! Thank you!

Nimmy Michel

From Qatar
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Perfect for what I need. Instructions are great. Easy to use. Beautifully put together! It was so incredibly easy to use. Just what I was looking for! Super pleased! Helped me go through the whole year of income and expenses and sort everything so fast for taxes! 10/10 would recommend! Thank you!

Siraj Rahman

From Saudi Arabia
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