Accounting Terms Review

Like other subjects, accounting has its share of terms to learn. These resources will help you to master the accounting terms you’ll need to pass your Accounting Principles course Continue reading

Cost of Goods Sold Overview: Study Sheet

This Smartacus Study Sheet will help you to understand how to find cost-of-goods-sold and the value of inventory. Explore definitions and methods (including Average Cost Method, LIFO, and FIFO). It also prints for easy reference. Continue reading

Study Sheet of Basic Statistics

Explore basic statistics with this printable Smartacus Study Sheet. Review the types of graphs (line, bar, pie chart), how to read a table, and basic data set values — median, mode, mean, and range. Continue reading

Excise Taxes: Study Sheet

This Smartacus Study Sheet can help you understand the definitions and formulas for sales taxes and value-added taxes (VAT). It also prints for easy reference. Continue reading

Study Sheet of Markup and Markdown

Explore the basics of markup and markdown with this Smartacus Study Sheet. Use it to study definitions and formulas (including cost markup, price markup, calculating markdown, and pricing perishables). It also prints for easy reference. Continue reading

Cash Flow: Quiz

Study terms from the cash flow statement like net cash, prepaid expenses, payment of dividends, and more with this fun quiz. Continue reading

Balance Sheet: Quiz

Study balance sheet terms like assets, depreciation, goodwill, and more with this fun quiz. Continue reading

Inventory Value Study Sheet

Use this Smartacus Study Sheet to understand how to find the value of inventory and cost-of-goods-sold. Explore definitions and methods (including Average Cost Method, LIFO, and FIFO). It also prints for easy reference. Continue reading

Depreciation Study Sheet

Depreciation is the periodic, systematic expiration of the cost of a company’s fixed assets (except for land). Explore definitions and methods (including declining balance, straight line, and units of production). It also prints for easy reference. Continue reading

My Accounting Cycle: Flash Cards

Use these flash cards to practice your grasp of debits, credits, the journaling process, and other terms associated with the accounting cycle. Continue reading