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TecConcursos
Watch videoFundamentals of Accounting
Learn the basics of accounting, including concepts, techniques, and the accounting equation.
Beginner
36 minutes
10 steps
Your Progress
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Understand that accounting is a social science, not an exact science.🎯 Preparation
Understand the importance of basic accounting principles and conventions.🎯 Preparation
Recognize the purpose of accounting: to control assets and provide information to users.⚡ Main Steps
Identify the main users of accounting information: government, shareholders, employees, and others.⚡ Main Steps
Define what constitutes 'patrimony' in accounting: assets, rights, and obligations.⚡ Main Steps
Differentiate between assets, liabilities, and equity in accounting.⚡ Main Steps
Learn that the accounting equation is Assets = Liabilities + Equity.⚡ Main Steps
Get familiar with the types of financial statements: balance sheet, income statement, cash flow statement.⚡ Main Steps
Practice using the accounting equation to solve basic accounting problems.✨ Finishing
Review key terms and concepts regularly to reinforce learning.✨ Finishing
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