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Ch 14: Studying for Accounting 101

About This Chapter

Whether you're studying for an Accounting 101 exam or strengthening your general knowledge of this subject area, this chapter can help! These interactive flashcard sets are designed to deepen your understanding of basic accounting concepts through the use of your memorization skills.

Studying for Accounting 101 - Summary

A great way to ensure you have a comprehensive understanding of Accounting 101 concepts is to memorize them through repetition. This chapter offers online flashcard sets you can use to effectively study long-term assets, receivables, the operating cycle and more! The sets are interactive, allowing you to click on subjects you want to study, confirm your understanding of specific topics and set aside cards you need to review at a later time. All flashcards can be viewed using your computer, smartphone or tablet. Upon completion, you should understand topics that include:

  • Accounting basics and accounting for merchandising
  • Long-term and current liabilities
  • Financial statements and analysis in accounting
  • Internal controls and long-term assets
  • Receivables and the operating cycle in accounting
  • Accounting cycle mechanics
  • How to analyze and report equity
  • Cash flow statements in accounting

How They Work

Using flashcards as a study tool enables you to review accounting topics at a comfortable pace and ensures you're able to absorb information effectively while improving your memorization skills.

  • Open a flashcard set for the topic you're studying.
  • Identify the image, word, name or event on the flashcard.
  • Click the button to flip the card and view the answer.
  • Select whether you got it right or missed it to keep track of your progress.
  • Click the Next arrow to proceed through the flashcard set.
  • Review the cards you missed or shuffle all cards back in and go through them again.

13 Lessons in Chapter 14: Studying for Accounting 101
Accounting for Merchandising Flashcards

Accounting for Merchandising Flashcards

Profits, market values, and net inventory valuation are the main ideas covered in this flashcard set. If you are ready to test your knowledge on these concepts, jump right in.

Accounting Overview Flashcards

Accounting Overview Flashcards

Balance sheets, assets, expenses and income. What does it all mean and how does it relate to business? This flashcard set will prepare you for your Accounting Overview exam.

Adjusting Accounts & Preparing Financial Statements Flashcards

Adjusting Accounts & Preparing Financial Statements Flashcards

Deeper into the accounting process we go! These flashcards will help you dust off your knowledge base of how to adjust accounts and prepare financial statements.

Current & Long-Term Liabilities in Accounting Flashcards

Current & Long-Term Liabilities in Accounting Flashcards

You can work with these flashcards to go over both current and long-term liabilities and how they are viewed in accounting. Focus on bonds and other liabilities with these cards.

Financial Statement Analysis in Accounting Flashcards

Financial Statement Analysis in Accounting Flashcards

You'll be able to go over financial statement analysis with the flashcards in this set. You can also focus on many of the important ratios used in accounting.

Financial Statements in Accounting Flashcards

Financial Statements in Accounting Flashcards

Work with these flashcards when you're ready to review the different financial statements used in accounting. You'll be able to focus on the formulas used in many of these statements.

Internal Controls in Accounting Flashcards

Internal Controls in Accounting Flashcards

You can use these flashcards to review some of the internal controls used in accounting. You'll also find cards that go over the steps that are involved in an audit.

Long-Term Assets in Accounting Flashcards

Long-Term Assets in Accounting Flashcards

You'll be able to focus on long-term assets by going over the flashcards in this set. Different ways to calculate the depreciation of these assets will be covered by this set.

Mechanics of the Accounting Cycle Flashcards

Mechanics of the Accounting Cycle Flashcards

Work with these flashcards in order to focus on the mechanics associated with the accounting cycle. Go over different accounts and important accounting ratios.

Operating Cycle in Accounting Flashcards

Operating Cycle in Accounting Flashcards

Accounting's operating cycle is covered by the flashcards in this set. You can focus on reviewing different aspects of an income statement and the expenses faced by businesses.

Receivables in Accounting Flashcards

Receivables in Accounting Flashcards

You can work with this set of flashcards to go over receivables in accounting. You'll be able to focus on some common accounts used by businesses and revenue.

Reporting & Analyzing Equity in Accounting Flashcards

Reporting & Analyzing Equity in Accounting Flashcards

Focus on reviewing the methods used in accounting to report and analyze equity with this set of flashcards. You'll be able to look at different forms of financing and stock.

Statement of Cash Flows in Accounting Flashcards

Statement of Cash Flows in Accounting Flashcards

You'll be able to go over the statement of cash flows with the flashcards in this set. You can also review the steps used to prepare this statement in accounting.

Final Exam
Status
Accounting 101: Financial Accounting
Status: Not Started
Chapter Exam
Status
Studying for Accounting 101
Chapter too short for exam

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