Accounting Fundamentals

by Finance Desk

16 cards intermediate

The grammar of business finance: the accounting equation, debits and credits, and the three financial statements.

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What’s inside

What is the fundamental accounting equation?: Assets = Liabilities + Equity
Which financial statement reports revenues and expenses for an accounting period?: Income statement
Which financial statement shows assets, liabilities, and equity at a single point in time?: Balance sheet

16 cards in the full deck, free in the app with spaced repetition doing the scheduling.

The ideas economists reach for daily: supply and demand, GDP, inflation, elasticity, externalities, and market structure.

Plain-English definitions of core investing vocabulary: stocks, bonds, yield, liquidity, diversification. Definitions only, no advice.

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