Accounting Fundamentals #1 to be deleted

In this lesson, we’ll go over the very basics of accounting. Maybe this will be an easy review. If this is a review for you, please take the time to really practice applying these concepts as we go through the exercises and practical problems.

Understand accounting fundamentals, including:

• What is accounting
• The 5 elements of financial statements
• The accounting equation
• The 3 primary financial statements
• The importance of accurate accounting