Ultimate accounting cheat sheet pdf

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Excel Formulas Cheat Sheet Page 2 of 7 Logical Formulas Formula Structure Explanation IF =IF(Logical Test, TRUE, FALSE) Evaluates the statement in the logical test to determine if it is TRUE or FALSE A Logical test compares the value of one cell to another, or a cell value to a constant value, using a comparison operator such as: Accounting for Non-Accountants is the must-have guide for all of us who have never taken an accounting class, are mystified by accounting jargon, and have no clue about balance sheets, income statements, payroll management, corporate taxes, or statements of cash flows. com for free video summaries, notes and cheat sheets by top students. The Gross Profit equals the revenues from sales minus the cost of goods sold. This document provides an overview of accounting concepts and lessons related to bonds, the accounting equation, financial statements, inventory, fixed assets, and depreciation. 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Also known as Profit & Loss Statement. interest in the company Creditor's claim company CURRENT CURRENT Common Shares Cash, supplies Salaries Nov 24, 2020 · The Basics of Accounting Cheat Sheet. Cash basis Recognizes transactions when cash or equivalents have been exchanged (Not GAAP) US-GAAP Generally Accepted Accounting Principles system established by FASB that governs financial reporting . Accounting Equation Basics: • The fundamental accounting equation is: Assets = Liabilities + Equity • This equation must always balance, representing the financial position of a business. Official Account Types. If you’re looking to advance your career in accounting and become a Certified Public Accountant (CPA), taking specialized CPA accounting courses is crucial. Whether you are planning a home renovation, buying new flooring, or simply trying to determ If you’re a frequent traveler or simply looking to save on your next trip, securing promo fares can be a game-changer. 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