intro

Financial Accounting:
Basic Concepts
This presentation demystifies financial reporting. It provides essential
knowledge for business success. Learn the key principles, financial
statements, and their interpretation.

, The Accounting Equation: Foundation
Assets Liabilities Equity

Resources a company owns. Examples Obligations a company owes. Examples The own
include cash, receivables, inventory, include accounts payable, salaries, and liabilitie
and equipment. loans. assets.


Assets = Liabilities + Equity. This is the core of accounting.