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Main campus 12345 college blvd overland park, ks 66210 913-469-8500 contact us. Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows you will become familiar with accounting debits and credits as we show you how to record transactions.
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This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations, quizzes, puzzles, and other features of accountingcoachcom. Learn accounting 1 with free interactive flashcards choose from 500 different sets of accounting 1 flashcards on quizlet. Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations the modern field was established by the italian mathematician luca pacioli in 1494.