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Free Financial Accounting Tutorials. Understand the Basics of Financial Accounting with Accounting-Simplified in a step-by-step approach. Accounting topics explained with great simplicity and clarity. Definitions, Explanations, Examples, Articles, & More!

  • 25 Tips for ACCA Exam Success
  • Here are 25 Tips to help you Pass your ACCA Exams. Much success in ACCA examinations can be achieved by following these simple guidelines which are relevant to all ACCA Examinations.....
  • Accounting for Convertible Bonds
  • Convertible Bonds entitle bondholders to convert their bonds into a fixed number of shares of the issuing company usually at the time of their maturity. Convertible bonds are a type of.....
  • The Missing File Forensic Audit
  • You have been assigned as the Forensic Auditor of ABC Co. to assist in the investigation of a missing file from the company's premises containing trade secrets. During investigation, you find that...
  • What are Financial Statements
  • Financial Statements represent a formal record of the financial activities of an entity. These are written reports that quantify the financial strength and performance of a company.....
  • Accounting Concept and Principles
  • Accounting Concepts and Principles are a set of broad conventions that have been devised to provide a basic framework for financial reporting. As financial reporting involves.....
  • What is Trial Balance
  • Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements. It is usually prepared at the end of an accounting period to assist in the drafting of financial statements......
  • Accounting for Receivables
  • Accounts receivable is the balance owed to the entity by its customers in respect of sale of goods and services on credit......
  • Accounting for Payables
  • Accounts payable is the balance owed by the entity to its suppliers in respect of purchase of goods and services on credit......
  • Bank Reconciliation
  • Bank reconciliation statement is a report which compares the bank balance as per company's accounting records with the balance stated in the bank statement......