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Financial Accounting Study Guide, Study notes of Accounting

accounting study guide is a concise resource designed to help students understand key concepts such as the accounting equation, journal entries, the preparation of financial statements (income statement, balance sheet, cash flow statement), and the principles of GAAP. It typically includes definitions, formulas, examples, and practice questions to reinforce understanding and prepare for exams

Typology: Study notes

2024/2025

Uploaded on 05/08/2025

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๎˜ƒ๎˜ฆ๎™‹๎™„๎™“๎™—๎™ˆ๎™•๎˜ƒ๎˜”๎˜ƒ
๎˜ƒ๎˜ฌ๎™‘๎™—๎™ˆ๎™•๎™‘๎™„๎™๎˜ƒ๎™˜๎™–๎™ˆ๎™•๎™–๎˜๎˜ƒ๎˜ƒ๎™‰๎™Œ๎™‘๎™„๎™‘๎™†๎™Œ๎™‘๎™Š๎˜๎˜ƒ๎™๎™„๎™•๎™Ž๎™ˆ๎™—๎™Œ๎™‘๎™Š๎˜๎˜ƒ๎™‹๎™˜๎™๎™„๎™‘๎˜ƒ๎™•๎™ˆ๎™–๎™’๎™˜๎™•๎™†๎™ˆ๎™–๎˜๎˜ƒ๎˜ƒ๎™๎™„๎™‘๎™„๎™Š๎™ˆ๎™๎™ˆ๎™‘๎™—๎˜ƒ
๎˜ƒ๎˜จ๎™›๎™—๎™ˆ๎™•๎™‘๎™„๎™๎˜ƒ๎™˜๎™–๎™ˆ๎™•๎™–๎˜๎˜ƒ๎˜ƒ๎™Œ๎™‘๎™™๎™ˆ๎™–๎™—๎™’๎™•๎™–๎˜๎˜ƒ๎™†๎™•๎™ˆ๎™‡๎™Œ๎™—๎™’๎™•๎™–๎˜ƒ
๎˜ƒ๎˜ถ๎™„๎™•๎™…๎™„๎™‘๎™ˆ๎™–๎˜๎˜ฒ๎™›๎™๎™ˆ๎™œ๎˜ƒ๎˜ค๎™†๎™—๎˜ƒ๎˜‹๎˜ถ๎˜ฒ๎˜ป๎˜Œ๎˜๎˜ƒ๎˜ƒ๎™“๎™„๎™–๎™–๎™ˆ๎™‡๎˜ƒ๎™—๎™’๎˜ƒ๎™•๎™ˆ๎™‡๎™˜๎™†๎™ˆ๎˜ƒ๎™˜๎™‘๎™ˆ๎™—๎™‹๎™Œ๎™†๎™„๎™๎˜ƒ๎˜ƒ๎™†๎™’๎™•๎™“๎™’๎™•๎™„๎™—๎™ˆ๎˜ƒ๎™…๎™ˆ๎™‹๎™„๎™™๎™Œ๎™’๎™•๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™‡๎™ˆ๎™†๎™•๎™ˆ๎™„๎™–๎™ˆ๎˜ƒ๎™—๎™‹๎™ˆ๎˜ƒ
๎˜ƒ๎™๎™Œ๎™Ž๎™ˆ๎™๎™Œ๎™‹๎™’๎™’๎™‡๎˜ƒ๎™’๎™‰๎˜ƒ๎™‰๎™˜๎™—๎™˜๎™•๎™ˆ๎˜ƒ๎™†๎™’๎™•๎™“๎™’๎™•๎™„๎™—๎™ˆ๎˜ƒ๎™–๎™†๎™„๎™‘๎™‡๎™„๎™๎™–๎˜ƒ
๎˜ƒ๎˜ช๎™ˆ๎™‘๎™ˆ๎™•๎™„๎™๎™๎™œ๎˜ƒ๎˜ค๎™†๎™†๎™ˆ๎™“๎™—๎™ˆ๎™‡๎˜ƒ๎˜ค๎™†๎™†๎™’๎™˜๎™‘๎™—๎™Œ๎™‘๎™Š๎˜ƒ๎˜ณ๎™•๎™Œ๎™‘๎™†๎™Œ๎™“๎™๎™ˆ๎™–๎˜ƒ๎˜‹๎˜ช๎˜ค๎˜ค๎˜ณ๎˜Œ๎˜๎˜ƒ๎˜ƒ๎™–๎™—๎™„๎™‘๎™‡๎™„๎™•๎™‡๎™–๎˜ƒ๎˜ƒ๎™—๎™‹๎™„๎™—๎˜ƒ๎™„๎™•๎™ˆ๎˜ƒ๎™Š๎™ˆ๎™‘๎™ˆ๎™•๎™„๎™๎™๎™œ๎˜ƒ๎™„๎™†๎™†๎™ˆ๎™“๎™—๎™ˆ๎™‡๎˜ƒ
๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™˜๎™‘๎™Œ๎™™๎™ˆ๎™•๎™–๎™„๎™๎™๎™œ๎˜ƒ๎™“๎™•๎™„๎™†๎™—๎™Œ๎™†๎™ˆ๎™‡๎˜‘๎˜ƒ๎˜ท๎™‹๎™ˆ๎˜ƒ๎™–๎™—๎™„๎™‘๎™‡๎™„๎™•๎™‡๎™–๎˜ƒ๎™Œ๎™‘๎™‡๎™Œ๎™†๎™„๎™—๎™ˆ๎˜ƒ๎™‹๎™’๎™š๎˜ƒ๎™—๎™’๎˜ƒ๎™•๎™ˆ๎™“๎™’๎™•๎™—๎˜ƒ๎™ˆ๎™†๎™’๎™‘๎™’๎™๎™Œ๎™†๎˜ƒ๎™ˆ๎™™๎™ˆ๎™‘๎™—๎™–๎˜ƒ
๎˜ƒ๎˜ถ๎™ˆ๎™†๎™˜๎™•๎™Œ๎™—๎™Œ๎™ˆ๎™–๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™ˆ๎™›๎™†๎™‹๎™„๎™‘๎™Š๎™ˆ๎˜ƒ๎™†๎™’๎™๎™๎™Œ๎™–๎™–๎™Œ๎™’๎™‘๎˜ƒ๎˜‹๎˜ถ๎˜จ๎˜ฆ๎˜Œ๎˜๎˜ƒ๎˜ƒ๎™Š๎™’๎™™๎™ˆ๎™•๎™‘๎™๎™ˆ๎™‘๎™—๎˜ƒ๎˜ƒ๎™„๎™Š๎™ˆ๎™‘๎™†๎™œ๎˜ƒ๎™—๎™‹๎™„๎™—๎˜ƒ๎™’๎™™๎™ˆ๎™•๎™–๎™ˆ๎™ˆ๎™–๎˜ƒ๎™๎™„๎™๎™’๎™•๎˜ƒ
๎˜ƒ๎™–๎™—๎™„๎™‘๎™‡๎™„๎™•๎™‡๎˜ƒ๎™–๎™ˆ๎™—๎™—๎™Œ๎™‘๎™Š๎˜ƒ๎™…๎™’๎™‡๎™œ๎˜๎˜ƒ๎˜ฉ๎˜ค๎˜ถ๎˜ฅ๎˜ƒ
๎˜ƒ๎˜ฉ๎™Œ๎™‘๎™„๎™‘๎™†๎™Œ๎™„๎™๎˜ƒ๎™„๎™†๎™†๎™’๎™˜๎™‘๎™—๎™Œ๎™‘๎™Š๎˜ƒ๎™–๎™—๎™„๎™‘๎™‡๎™„๎™•๎™‡๎™–๎˜ƒ๎™…๎™’๎™„๎™•๎™‡๎˜ƒ๎˜‹๎˜ฉ๎˜ค๎˜ถ๎˜ฅ๎˜Œ๎˜๎˜ƒ๎˜ƒ๎™ˆ๎™–๎™—๎™„๎™…๎™๎™Œ๎™–๎™‹๎™ˆ๎™‡๎˜ƒ๎˜ƒ๎™‰๎™Œ๎™‘๎™„๎™‘๎™†๎™Œ๎™„๎™๎˜ƒ๎™•๎™ˆ๎™“๎™’๎™•๎™—๎™Œ๎™‘๎™Š๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ
๎˜ƒ๎™„๎™†๎™†๎™’๎™˜๎™‘๎™—๎™Œ๎™‘๎™Š๎˜ƒ๎™–๎™—๎™„๎™‘๎™‡๎™„๎™•๎™‡๎™–๎˜ƒ๎™‰๎™’๎™•๎˜ƒ๎™†๎™’๎™๎™“๎™„๎™‘๎™Œ๎™ˆ๎™–๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™‘๎™’๎™‘๎™“๎™•๎™’๎™‰๎™Œ๎™—๎™–๎˜ƒ๎™Œ๎™‘๎˜ƒ๎™—๎™‹๎™ˆ๎˜ƒ๎˜ธ๎™‘๎™Œ๎™—๎™ˆ๎™‡๎˜ƒ๎˜ถ๎™—๎™„๎™—๎™ˆ๎™–๎˜ƒ
๎˜ƒ๎˜ซ๎™Œ๎™–๎™—๎™’๎™•๎™Œ๎™†๎™„๎™๎˜ƒ๎˜ฆ๎™’๎™–๎™—๎˜ƒ๎˜ณ๎™•๎™Œ๎™‘๎™†๎™Œ๎™“๎™๎™ˆ๎˜๎˜ƒ๎˜ƒ๎™•๎™ˆ๎™”๎™˜๎™Œ๎™•๎™ˆ๎™–๎˜ƒ๎™†๎™’๎™๎™“๎™„๎™‘๎™Œ๎™ˆ๎™–๎˜ƒ๎™—๎™’๎˜ƒ๎™•๎™ˆ๎™†๎™’๎™•๎™‡๎˜ƒ๎˜ƒ๎™„๎™–๎™–๎™ˆ๎™—๎™–๎˜ƒ๎™„๎™—๎˜ƒ๎™—๎™‹๎™ˆ๎™Œ๎™•๎˜ƒ๎™†๎™’๎™–๎™—๎˜ƒ
๎˜ƒ๎˜ฉ๎™„๎™Œ๎™•๎˜ƒ๎˜น๎™„๎™๎™˜๎™ˆ๎˜ƒ๎˜ณ๎™•๎™Œ๎™‘๎™†๎™Œ๎™“๎™๎™ˆ๎˜๎˜ƒ๎˜ƒ๎™„๎™–๎™–๎™ˆ๎™—๎™–๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™๎™Œ๎™„๎™…๎™Œ๎™๎™Œ๎™—๎™Œ๎™ˆ๎™–๎˜ƒ๎™–๎™‹๎™’๎™˜๎™๎™‡๎˜ƒ๎˜ƒ๎™…๎™ˆ๎˜ƒ๎™•๎™ˆ๎™“๎™’๎™•๎™—๎™ˆ๎™‡๎˜ƒ๎™„๎™—๎˜ƒ๎™‰๎™„๎™Œ๎™•๎˜ƒ๎™™๎™„๎™๎™˜๎™ˆ๎˜ƒ
๎˜ƒ๎˜ฉ๎™„๎™Œ๎™•๎˜ƒ๎™™๎™„๎™๎™˜๎™ˆ๎˜๎˜ƒ๎˜ƒ๎™—๎™‹๎™ˆ๎˜ƒ๎™“๎™•๎™Œ๎™†๎™ˆ๎˜ƒ๎™•๎™ˆ๎™†๎™ˆ๎™Œ๎™™๎™ˆ๎™‡๎˜ƒ๎™—๎™’๎˜ƒ๎™–๎™ˆ๎™๎™๎˜ƒ๎™„๎™‘๎˜ƒ๎™„๎™–๎™–๎™ˆ๎™—๎˜ƒ๎™’๎™•๎˜ƒ๎˜ƒ๎™–๎™ˆ๎™—๎™—๎™๎™ˆ๎˜ƒ๎™„๎˜ƒ๎™๎™Œ๎™„๎™…๎™Œ๎™๎™Œ๎™—๎™œ๎˜ƒ
๎˜ƒ๎˜ค๎™–๎™–๎™ˆ๎™—๎™–๎˜ƒ
๎˜ƒ๎˜ฏ๎™Œ๎™„๎™…๎™Œ๎™๎™Œ๎™—๎™Œ๎™ˆ๎™–๎˜ƒ
๎˜ƒ๎˜ถ๎™—๎™’๎™†๎™Ž๎™‹๎™’๎™๎™‡๎™ˆ๎™•๎™–๎˜ƒ๎™ˆ๎™”๎™˜๎™Œ๎™—๎™œ๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎˜ต๎™ˆ๎™–๎™’๎™˜๎™•๎™†๎™ˆ๎™–๎˜ƒ๎™„๎˜ƒ๎™…๎™˜๎™–๎™Œ๎™‘๎™ˆ๎™–๎™–๎˜ƒ๎™’๎™š๎™‘๎™–๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎˜ณ๎™•๎™’๎™™๎™Œ๎™‡๎™ˆ๎˜ƒ๎™‰๎™˜๎™—๎™˜๎™•๎™ˆ๎˜ƒ
๎˜ƒ๎™–๎™ˆ๎™•๎™™๎™Œ๎™†๎™ˆ๎™–๎˜’๎™…๎™ˆ๎™‘๎™ˆ๎™‰๎™Œ๎™—๎™–๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎˜ฆ๎™„๎™–๎™‹๎˜๎˜ƒ๎™–๎™˜๎™“๎™“๎™๎™Œ๎™ˆ๎™–๎˜๎˜ƒ๎™ˆ๎™”๎™˜๎™Œ๎™“๎™๎™ˆ๎™‘๎™—๎˜๎˜ƒ
๎˜ƒ๎™ˆ๎™—๎™†๎˜‘๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎˜ฆ๎™๎™„๎™Œ๎™๎˜ƒ๎™„๎™Š๎™„๎™Œ๎™‘๎™–๎™—๎˜ƒ๎™„๎™–๎™–๎™ˆ๎™—๎™–๎˜ƒ๎˜‹๎™‡๎™ˆ๎™…๎™Œ๎™—๎™–๎˜ƒ
๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™’๎™…๎™๎™Œ๎™Š๎™„๎™—๎™Œ๎™’๎™‘๎™–๎˜Œ๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎™†๎™•๎™ˆ๎™‡๎™Œ๎™—๎™’๎™•๎™–๎˜ƒ๎˜‹๎™“๎™„๎™•๎™—๎™œ๎˜ƒ๎™—๎™’๎˜ƒ๎™š๎™‹๎™’๎™๎˜ƒ
๎˜ƒ๎™๎™’๎™‘๎™ˆ๎™œ๎˜ƒ๎™Œ๎™–๎˜ƒ๎™’๎™š๎™ˆ๎™‡๎˜Œ๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎™„๎™†๎™†๎™’๎™˜๎™‘๎™—๎™–๎˜ƒ๎™“๎™„๎™œ๎™„๎™…๎™๎™ˆ๎˜๎˜ƒ๎™‘๎™’๎™—๎™ˆ๎™–๎˜ƒ
๎˜ƒ๎™“๎™„๎™œ๎™„๎™…๎™๎™ˆ๎˜๎˜ƒ๎™–๎™„๎™๎™„๎™•๎™Œ๎™ˆ๎™–๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™š๎™„๎™Š๎™ˆ๎™–๎˜ƒ
๎˜ƒ๎™“๎™„๎™œ๎™„๎™…๎™๎™ˆ๎˜๎˜ƒ๎™–๎™„๎™๎™ˆ๎™–๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™•๎™ˆ๎™„๎™๎˜ƒ
๎˜ƒ๎™ˆ๎™–๎™—๎™„๎™—๎™ˆ๎˜ƒ๎™—๎™„๎™›๎™ˆ๎™–๎˜ƒ๎™“๎™„๎™œ๎™„๎™…๎™๎™ˆ๎˜๎˜ƒ๎™ˆ๎™—๎™†๎˜‘๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎™’๎™š๎™‘๎™ˆ๎™•๎™–๎™‹๎™Œ๎™“๎˜ƒ๎™†๎™๎™„๎™Œ๎™๎˜ƒ๎™’๎™‘๎˜ƒ๎™—๎™’๎™—๎™„๎™๎˜ƒ
๎˜ƒ๎™„๎™–๎™–๎™ˆ๎™—๎™–๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎™•๎™ˆ๎™‰๎™ˆ๎™•๎™•๎™ˆ๎™‡๎˜ƒ๎™—๎™’๎˜ƒ๎™„๎™–๎˜ƒ๎™•๎™ˆ๎™–๎™Œ๎™‡๎™˜๎™„๎™๎˜ƒ
๎˜ƒ๎™ˆ๎™”๎™˜๎™Œ๎™—๎™œ๎˜ƒ
๎˜ƒ๎˜๎˜ƒ๎™†๎™’๎™๎™๎™’๎™‘๎˜ƒ๎™–๎™—๎™’๎™†๎™Ž๎˜ƒ๎™„๎™‘๎™‡๎˜ƒ๎™•๎™ˆ๎™—๎™„๎™Œ๎™‘๎™ˆ๎™‡๎˜ƒ
๎˜ƒ๎™ˆ๎™„๎™•๎™‘๎™Œ๎™‘๎™Š๎™–๎˜ƒ
๎˜ƒ๎˜ฌ๎™‘๎™™๎™ˆ๎™–๎™—๎™๎™ˆ๎™‘๎™—๎˜ƒ๎™…๎™œ๎˜ƒ๎™–๎™—๎™’๎™†๎™Ž๎™‹๎™’๎™๎™‡๎™ˆ๎™•๎™–๎˜๎˜ƒ๎˜ƒ๎™•๎™ˆ๎™“๎™•๎™ˆ๎™–๎™ˆ๎™‘๎™—๎˜ƒ๎™—๎™‹๎™ˆ๎˜ƒ๎™—๎™’๎™—๎™„๎™๎˜ƒ๎™„๎™๎™’๎™˜๎™‘๎™—๎˜ƒ๎˜ƒ๎™“๎™„๎™Œ๎™‡๎˜ƒ๎™Œ๎™‘๎˜ƒ๎™…๎™œ๎˜ƒ๎™–๎™—๎™’๎™†๎™Ž๎™‹๎™’๎™๎™‡๎™ˆ๎™•๎™–๎˜ƒ๎™‰๎™’๎™•๎˜ƒ๎™—๎™‹๎™ˆ๎˜ƒ๎™–๎™‹๎™„๎™•๎™ˆ๎™–๎˜ƒ
๎˜ƒ๎™—๎™‹๎™ˆ๎™œ๎˜ƒ๎™“๎™˜๎™•๎™†๎™‹๎™„๎™–๎™ˆ๎˜ƒ
๎˜ƒ๎˜ง๎™Œ๎™™๎™Œ๎™‡๎™ˆ๎™‘๎™‡๎™–๎˜๎˜ƒ๎˜ƒ๎™—๎™‹๎™ˆ๎˜ƒ๎™‡๎™Œ๎™–๎™—๎™•๎™Œ๎™…๎™˜๎™—๎™Œ๎™’๎™‘๎˜ƒ๎™’๎™‰๎˜ƒ๎™†๎™„๎™–๎™‹๎˜ƒ๎™’๎™•๎˜ƒ๎™’๎™—๎™‹๎™ˆ๎™•๎˜ƒ๎™„๎™–๎™–๎™ˆ๎™—๎™–๎˜ƒ๎˜ƒ๎™—๎™’๎˜ƒ๎™–๎™—๎™’๎™†๎™Ž๎™‹๎™’๎™๎™‡๎™ˆ๎™•๎™–๎˜‘๎˜ƒ๎˜ท๎™‹๎™ˆ๎™œ๎˜ƒ๎™•๎™ˆ๎™‡๎™˜๎™†๎™ˆ๎˜ƒ๎™•๎™ˆ๎™—๎™„๎™Œ๎™‘๎™ˆ๎™‡๎˜ƒ
๎˜ƒ๎™ˆ๎™„๎™•๎™‘๎™Œ๎™‘๎™Š๎™–๎˜ƒ๎™…๎™˜๎™—๎˜ƒ๎™„๎™•๎™ˆ๎˜ƒ๎™‘๎™’๎™—๎˜ƒ๎™„๎™‘๎˜ƒ๎™ˆ๎™›๎™“๎™ˆ๎™‘๎™–๎™ˆ๎˜‘๎˜ƒ
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