Accounting basics
Accounting is the language businesses use to describe themselves. Learning to read it means you can tell what a company is actually doing, rather than what its announcements claim.
What you'll learn
10 chapters, then the quiz
- 01What accounting is forA record and a report.
- 02The accounting equationAssets equal liabilities plus equity.
- 03The three statementsThree views of the same business.
- 04Accruals and matchingWhen something counts.
- 05Profit against cashThe distinction that sinks businesses.
- 06Bookkeeping in practiceThe daily mechanics.
- 07Reading the numbersRatios that tell you something.
- 08CostsFixed, variable and everything between.
- 09Controls and auditPreventing error and fraud.
- 10Reading a company reportWhere to look first.
More finance tests
See all →- Medium
Trading stocks
Shares, orders, costs and risk, in the plain language the industry avoids.
8 questions7 min - Easy
Personal finance
Budgeting, debt, savings and insurance, in the order they usually matter.
8 questions7 min - Medium
Investing fundamentals
Assets, risk, fees and time, explained as mechanics rather than tips.
8 questions7 min