This chapter provides a fresh introduction to accounting. First, we will define accounting and break the definition down into simple points to obtain a clearer understanding of what accounting is.
We will also learn about the role of accounting in the financial world, specifically its purpose and the users of the information it provides.
Then, we will study the different branches of accounting and the areas of practice available to accounting professionals. The types and forms of business organizations are also covered here.
At the end of all the lessons is a summary and a quiz to test what you've learned on the topics discussed.
More chapters under Accounting Basics