Learners examine the main characteristics of the four financial statements required in accounting: the income statement, the owner's equity statement, the balance sheet, and the statement of cash flow.

Learners read the definitions of working capital, current ratio, quick ratio, return on equity, accounts receivable turnover, and inventory turnover.

Learners examine the accounting equation and view examples of how account items and figures are included in each part of the equation.

Learners read an explanation of the debits and credits of accounting as they relate to T accounts and the accounting equation. Illustrated examples are provided.

Learners read about the purposes of balance sheets and income statements and then place accounts into these two financial statement categories in a drag-and-drop exercise.

With this highly entertaining four-minute animation, learners can visualize the basics of accounting.

Learners examine the accounting equation and classify accounts into the appropriate categories in drag-and-drop exercises.