Top 5 most confusing things about accounting

At Accounting Cafe we’re discussing how we help our students accounting.

Accounting terms that we take for granted are confusing for students. Thinking about this in your teaching can make their learning journey that much faster and easier.

Here are my top 5 most confusing things about accounting:

An entity’s most valuable assets are rarely on the balance sheet. [Read article]

Income is not money received. [Read article]

Pre-payments are post-payment transactions. [Read article]

Accrued expenses are not expenses. [Read article]

Equity is not valuable. [article in progress]

Anything else to add? Post a comment below or join the conversation on LinkedIn.