Basic Accounting Cheat Sheet

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MASTER THE BASICS TO BECOME A GREAT ACCOUNTANT!

The first step to becoming a great accountant is mastering the basics! Whether you're a student or a professional, our Basic Accounting Cheat Sheet (2nd Edition) is your go-to guide for clear, reliable, and quick-reference learning.

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SIMPLIFY YOUR ACCOUNTING JOURNEY!

This updated and expanded edition covers even more essential topics — now with forty-two (42) pages of IFRS-based content to help you build confidence and strengthen your understanding of key basic accounting concepts.

CONTENT HIGHLIGHTS:

✅ Introduction to basic accounting

✅ Brief history of accounting

✅ Areas in accounting practice

✅ Types of accounting

✅ Code of ethics

✅ Accounting information system (AIS)

✅ Accounting standards

✅ Accounting assumptions

✅ Factors of production

✅ Types of financing

✅ Types of business activities and operations

✅ Legal forms of business

✅ Introduction to financial accounting and reporting

✅ Overview of financial statements

✅ Qualitative characteristics

✅ Statement of financial position (Balance sheet)

✅ Assets, liabilities, and equity

✅ Statement of profit or loss and other comprehensive income (Income statement)

✅ Income and expenses

✅ Statement of changes in equity

✅ Statement of cash flows

✅ Single and double-entry bookkeeping

✅ Accounting equation

✅ T-account, debits, and credits

✅ Chart of accounts

✅ Cash and accrual basis accounting

✅ Accounting cycle

✅ Source documents

✅ Journal entries

✅ Accounting journals and ledgers

✅ Types of trial balance

✅ Adjusting entries

✅ Financial statement preparation guide

✅ Closing entries

✅ Reversing entries

✅ Introduction to financial statement analysis

✅ Horizontal analysis

✅ Vertical analysis

✅ Liquidity ratios

✅ Solvency ratios

✅ Profitability ratios

✅ Efficiency ratios

IMPORTANT: Please note that the contents of this cheat sheet are exclusively based on the International Financial Reporting Standards (IFRS). It's important to be aware that variations might exist between this standard and other accounting standards.

Access this digital cheat sheet anytime through a PDF reader on your preferred device. Download our cheat sheet today and take your first step toward mastering accounting!

WHAT YOU'LL GET:

✅ Basic Accounting Cheat Sheet (downloadable 42-page PDF file)

✅ No physical products will be delivered.

NOTE:

➤ For printing, we recommend U.S. legal size paper (8.5x14 inches). Since this product is primarily intended for digital viewing, some small characters may not print clearly.

➤ Due to the digital nature of this product, we do not accept returns, exchanges or cancellations. No physical items will be shipped.

Read our Terms & Conditions before downloading this product.

DISCLAIMER:

➤ This cheat sheet only supplements your accounting studies and should not replace official educational resources provided by authorized institutions.

➤ This cheat sheet does not guarantee any specific outcomes. In no event shall we be liable for any direct, indirect, incidental, special, or consequential damages arising from your use of this product.

COPYRIGHT

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PROFESSIONALLY DESIGNED

Created by an accountant for accountants.

FREQUENTLY ASKED QUESTIONS

It’s a one-time payment.
➤ A basic understanding of the topics covered by the cheat sheet.
➤ A PDF reader application
➤ Since this is an instant download digital product, you will not receive any physical items.
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➤ This product is for personal use only.
➤ This product and its contents are protected by copyright laws and may not be reproduced or distributed in any form or by any electronic or mechanical means.
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Due to the digital nature of this product, returns, exchanges, cancellations or refunds are not accepted.
➤ Accounting is a challenging subject to study. Our cheat sheets are created and designed to provide you with key information about a variety of accounting topics, reinforcing your understanding in the process.
➤ Using our cheat sheets will save you valuable time since you won't have to prepare study notes yourself.
➤ As much as we wanted to cater to both IFRS and U.S. GAAP users, we decided to use the IFRS as the basis of the information provided in the cheat sheets since many countries have already recognized and adopted it. Hopefully, we can create cheat sheets based on U.S. GAAP in the future.
➤ Even if you live in a country with accounting standards different from the IFRS, you can still benefit from these cheat sheets, as most accounting concepts are generally the same across different standards. In fact, the majority of our customers are from the United States. Just be aware of any differences between these standards.
Yes you can print this cheat sheet for your personal use. For printing, we recommend U.S. legal size paper (8.5x14 inches). However, since this product is primarily intended for digital viewing, some small characters may not print clearly.
This product has already been priced accordingly to ensure affordability for students and non-profit organizations.
➤ The contents of this cheat sheet are exclusively based on the International Financial Reporting Standards (IFRS). It's important to be aware that variations might exist between this standard and local accounting standards.
➤ This cheat sheet only supplements your accounting studies and should not replace official educational resources provided by authorized organizations.
➤ This product does not guarantee specific results. Use it at your own risk. In no event shall we be liable for any kind of damages that may arise from your use of this product.
➤ Refer to our Terms & Conditions for more information.
If you have any questions or suggestions, feel free to contact us via our Contact Page.