ACCOUNTING & FINANCE · REFERENCE TOOL
Accounting & Finance — End-to-End Explorer
Accounting equation · Journal flow · Transaction lifecycle · Standards comparison · Key concept reference
1 Accounting Equation & Financial Statements
Click any node to see its definition, normal balance side, and the statements it affects.
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Accounting EquationAssets = Liabilities + Equity
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AssetsNormal: Debit
- Current AssetsCash · AR · Inventory
- Non-Current AssetsPP&E · Intangibles
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LiabilitiesNormal: Credit
- Current LiabilitiesAP · Accruals · ST Debt
- Non-Current LiabilitiesLT Debt · Deferred Tax
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EquityNormal: Credit
- Share CapitalCommon · Preferred
- Retained EarningsCumulative P&L
- Other ReservesOCI · Revaluation
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Income StatementRevenue − Expenses = Net Income
- RevenueNormal: Credit
- Cost of Goods SoldNormal: Debit
- Operating ExpensesNormal: Debit
👆 Click a node above to explore its definition and normal balance.
Assets
Liabilities
Equity
Revenue
Expenses
2 Journal Flow — Source to Financial Statements
Click any node to see what feeds it, what it feeds, and the key controls applied at each stage.
👆 Select a node to see its purpose, inputs, outputs, and controls.
Asset-side flow
Liability-side flow
Revenue flow
Expense flow
Reporting output
Controls
3 Transaction Lifecycle — Sale on Credit
Follow a single business transaction from order to financial statement impact. Press Play or step through manually.
4 Standards Explorer — US GAAP · IFRS · Ind AS
Search and filter by topic. Click a card for a side-by-side comparison of the three frameworks.
👆 Click a standard card to see the GAAP / IFRS / Ind AS comparison.
5 Key Concept Reference
Essential accounting principles, close activities, and control types. Click a concept to copy it.
| Concept | Definition | Where Applied | Impact / Rule |
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Asset impact
Liability impact
Equity impact
Revenue / income impact
Expense impact