Accounting I focuses on the basic accounting principles and function for a business. Learn to identify and use Generally Accepted Accounting Principles (GAAP), among other important job skills. Accounting principles applied in business. How to record costs associated with a business.

In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data. Bookkeeping and accounting may appear to be the same profession to an untrained eye.

Accounting Coach is another great resource that you can learn accounting basics. You'll be offered 33 different sections of free accounting information. However, they do offer Pro and Pro Plus options with more advanced classes when you've mastered accounting fundamentals.