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Learn Accounting Basics Want to get into accounting and want to learn some basics? This lesson teaches you the basics of accounting terminology. You will learn the purpose of accounting and the difference between bookkeeping and accounting. You will also learn about CPAs, or Certified Public Accountants, and CMAs, or Certifie Managerial Accountants. This lesson also covers basic accounting ideas, like GAAP (Generally Accepted Accounting Principles) and a fiscal period. Finally, you will get an overview of different accounting methods, including Double Entry Accounting, Strict and Modified Cash Method and the Accrual Method. For the full accounting course, please visit
Length: 03:14


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