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Accounting Cheat Sheet

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Table of Contents (click to navigate)
Financial Statements

3

Balance Sheet

4

Income Statement

5

Cash Flow Statement

6

Stockholders’ Equity

7

Financial Ratios

8

Accounting Principles

9

Bookkeeping, Debits & Credits

10

Accounting Equation

11

Adjusting Entries

12

Bank Reconciliation

13

Petty Cash

14

Accounts Receivable & Bad Debts Expense

15

Inventory & Cost of Goods Sold

16

Depreciation

17

Accounts Payable

18

Cost Behavior & Break-even Point

19

Payroll Accounting

20

Standard Costing

21

Accounting Pronouncements

22

Organizations

23

AccountingCoach.com’s Accounting Cheat Sheet is a quick reference and overview of accounting concepts. You should consult a professional accountant and/or the accounting profession’s official pronouncements for specific situations and for more complete information.

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Financial Statements
Financial statements are general purpose, external financial statements prepared according to generally accepted accounting principles. Some terms that apply to the financial statements include: balance sheet reports the amounts of assets, liabilities, and stockholders’ equity at a specified moment, such as midnight of December 31; also known as the statement of financial position. income statement reports revenues, expenses, gains, losses, and net income during the period of time stated in its heading; also known as the statement of operations and as the profit and loss (P&L) statement. statement of cash flows reports the changes in cash and cash

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