Accounting is frequently referred to as the "language of business." As such, there is a large vocabulary unique to the discipline. To learn accounting it is essential these vocabulary terms be mastered as soon as possible. This will facilitate the study of financial accounting.

FUNderstanding Accounting has been provided to assist you in learning this new vocabulary. The text provides important key terms at the end of each chapter. Listed below are a variety of methods to assist you in learning these terms. I welcome any comments or suggestions you may have regarding this FUNderstanding page.


Chapter Chapter Title
1. Accounting Information for Business Decisions

2. Accounting Information System
3. Reporting and Preparing Financial Statements
4. Reporting and Analyzing Merchandising Operations
5. Reporting and Analyzing Inventories
6. Reporting and Analyzing Cash and Internal Controls

7. Reporting and Analyzing Receivables and Investments

8. Reporting and Analyzing Long Term Assets

9. Reporting and Analyzing Current Liabilities

10. Reporting and Analyzing Long-Term Liabilities
11. Reporting and Analzing Equity
12. Reporting and Analyzing Cash Flows
13. Financial Statement Analysis and Interpretation



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