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Accounting Cheat Sheet

Your AccountingCoach PRO membership includes lifetime access to all of our a quick tour by visiting Cheat SheetFor personal use by the original purchaser only. Copyright AccountingCoach . of Contents (click to navigate)Financial StatementsBalance SheetIncome StatementCash Flow StatementStockholders EquityFinancial RatiosAccounting PrinciplesBookkeeping, Debits & CreditsAccounting EquationAdjusting EntriesBank ReconciliationPetty CashAccounts Receivable & Bad Debts Expense Inventory & Cost of Goods SoldDepreciationAccounts PayableCost Behavior & Break-even PointPayroll AccountingStandard CostingAccounting s Accounting Cheat Sheet is a quick reference and overview of Accounting concepts. You should consult a professional accountant and/or the Accounting profession s official pronouncements for specific situations and for more complete personal use by the original purchaser only.

statement of cash flows reports the changes in cash and cash equivalents during a period of time according to three activities: operating, investing, and financing. statement of stockholders’ equity reports the changes in the components of stockholders’ equity,

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Accounting Basics

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in the market value of property. Under the accrual method, these are reported on the income statement when they are earned. Sales and fees earned are examples. This financial statement reports a company’s financial position as of a moment of time. It reports the assets, liabilities and stockholders’ (or owner’s) equity.

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Chart of Accounts - AccountingCoach.com

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A chart of accounts is a listing of the names of the accounts that a company has identified and made available for recording transactions in its general ledger. A company has the flexibility to tailor its chart of accounts to best suit its needs, including adding accounts as needed.

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Accounting Basics

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A Story for Relating to Accounting Basics We will present the basics of accounting through a story of a person starting a new business. The person is Joe Perez—a savvy man who sees the need for a parcel delivery service in his community. Joe has researched his idea and has prepared a business plan that documents the viability of his new business.

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