(3 Ratings)

The Accounting Equation

Categories: Accounting Concepts
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About Course

The Accounting Equation is a key component of understanding modern-day accounting. This course provides the background to what the equation is, what it means and the context that it is applied to financial reports. Learn the report types that make up the equation parts and how they are applied in business transactions.

Course Topics

  • Background of the accounting equation
  • The equation and its purpose
  • The different report types
  • Where the different report types are represented on reports
  • Applying debits and credits to the report types
  • Increases and decreases that result
  • Smart Books resource with examples to work through

What Will You Learn?

  • Learn what the accounting equation actually is – and why we need to know
  • Understand the different report types
  • Know how the report types are represented in reports
  • Identify correctly what the debits and credits are when applying the equation

Course Content

Lesson 1

  • The actual equation
  • Lesson 1: Knowledge Check

Lesson 2

Lesson 3

Lesson 4

End of Course Knowledge Check

Student Ratings & Reviews

Total 3 Ratings
2 Ratings
1 Rating
0 Rating
0 Rating
0 Rating
3 months ago
Good scenarios and explanations
4 months ago
A great course, especially for those who need a refresher on a key basis for understanding accounting. This course is very easy to follow and well structured.
4 months ago
I found the course was streamlined with good content and resources. I\'m glad the quizzes aren\'t against a timer as I am one of those that needs to read a question over and over again as I process it so it was good not to have the added pressure of a timer! I think the questions were a good level of \'challenge\' with some on the easier side and some on the harder side so overall I think a good technical balance in my experience.