Accounting 101 Basics. Basic accounting provides information to identify and classify financial transactions. Business owners often need basic accounting skills to manage their company's financial ...

Looking for more tips to grow your accounting knowledge? Check out these five tips to build a strong foundation in accounting fundamentals. 1. Get comfortable with basic accounting terms ...

Net worth equals assets minus liabilities; calculate using the basic accounting equation. Tangible assets include cash, real estate; intangibles include brand names, patents. Negative net worth ...