Unit 1 · Chapter 1
Why do we need accounting?
Can a household decide whether it can afford a loan from the payment alone?
Standalone course · In development
Introduction to Accounting
How can individuals, households, businesses, and governments make good decisions about money without tracking it?
Good decisions require good information
Can a household afford a loan? Is a business earning a profit but running out of cash? Should a bank extend credit, and what would show that the borrower can repay it?
How do investors, regulators, and statistical agencies understand the activity of many firms at once? Each question begins with the same problem: turning economic events into information that people can examine and use.
Readings teach the full course
Website readings provide the complete course. Each reading explains the accounting, gives checks with feedback, and ends with a new problem. YouTube lessons will teach the same ideas through different examples and visible accounting work.
Start with why accounting matters
Unit 1 · Chapter 2
Whose activity belongs in the record?
Separate an owner, a business, and a bank before classifying what each entity owns and owes.