Here's a list of useful accounting concepts. After reading through these basic accounting terms, you’ll have a better understanding of the money world.

Over the course of more than 40 years in practice and teaching both undergraduate and graduate accounting students, I have encountered some interesting, sometimes humorous definitions of some basic ...

Accounting uses several specific terms to describe financial information in business. Debits, credits, assets, liabilities and owner's equity are a few basic accounting terms.

For many years, we used the description “entry-level accounting” to detail the vendor offerings in our comparison guide. These days, while we tend to use the description “basic” rather than ...

Opinion: Ultimately, while a good accountant can help you with most of the work, you still need to be familiar with some basic accounting terms and concepts to run your business successfully.

1. Get comfortable with basic accounting terms Accounting has its own language, and familiarizing yourself with key terms is the first step in understanding the field.