Accounting Basics for Students is the best source of free basic financial accounting information - a site that has the simplest accounting tutorials, explanations and examples on the net!
My name is Michael Celender. I’ve been tutoring, lecturing and helping accounting students for a number of years. I created this site to help students and working professionals around the world learn accounting basics.
This site is based entirely around an accounting book I wrote. The first six links on the navigation bar (on your left) are the first six chapters in the accounting book itself. In other words, Basic Concepts is chapter 1 in the book, Basic Transactions is chapter 2, Double Entry Accounting is chapter 3, and so on.
These 6 chapters (50 accounting tutorials in total) have been provided here absolutely free for you to look through – basically a free accounting course online. I recommend going through these six sections (all 50 accounting lessons) in order, especially if you are brand new to the subject.
If you're looking for information on a specific accounting topic, use the search feature on the top-right of your screen. It'll show all the web pages, lessons and accounting questions on this site that deal with your topic.
What else can you expect to see on the site?
At the bottom of each and every one of the 50 lessons on this site you can find a question box where you can ask a question about a specific accounting topic. You will also find questions already asked by other students here. This is a public forum: a place where you can ask a question, and also where you can help others by answering their questions (and test your knowledge at the same time). Use the search box to help you locate questions on specific topics you are interested in.
If you would like more practice with professional accounting exercises, get our website's official accounting book, which includes 88 accounting questions and exercises. Our awesome accounting dictionary (over 300 terms defined) can also help you a lot in your studies.
In the section, Your Voice, you can contribute to the site and our community (and win prizes by doing so)! Here you can find or recommend an accounting tutor, create a page about yourself, and even tell us a funny or frightening accounting or student story!
All the best in your studies,
P.S. The accounting information presented on this site is in line with both U.S. and international accounting 101-type curricula, as accounting basics are virtually identical the world over. Only minor terms may differ (depending on where you are studying).
P.P.S. If you're a student, use this site as a supplement, not as a complete replacement of your accounting textbook or lecturer, as you will be tested on what your lecturer and textbook say, not on this site, right? Right. :-)