One-Stop Accounting Formulas Cheat Sheet

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1. "All-In-One Accounting Formulas Cheat Sheet"
If you like to learn more about accounting formulas, then the easy way to do it is to rely
with accounting formulas cheat sheet. It is your one stop solution so that you learn in easy
way and you do not need to spend much time.
Accounting Cheat Sheet Tips
If you want to create accounting cheat sheet, here are things you need to know.
Simple: In creating cheat sheet, it must be simple. You do not need to use too much
design, tables and colors. It is better if it is simple because it is easy to understand.
Write the basic and advanced formulas: To have much time to review instead of
browsing your book once in a while, you need to write the basic and advanced
formulas you need in reviewing. Make sure that the formulas you include in the
cheat sheet are essential.
Descriptions: It is important to include descriptions or terminologies about
accounting. This is important because it will be your help whenever you do not
know a certain word or phrase.
Financial Accounting Cheat Sheet
This accounting equation cheat sheet will help you a lot to have an easy review and to
memorize all information easily. Read this page for more details!
Formula 1: Accounting Equation
Accounting formulas that needed to produce accounting balance sheet are:
Current assets: It is important that you also know about accounting equation cheat sheet
because it guides you all the time. Current assets are sum of the assets converting into cash
in less than one year. Here is the formula:
Current Assets = Cash plus Accounts Receivable plus Inventory plus Prepaid Expenses
Formula 2: Current Assets
Net fixed assets: These assets are book value of the fixed assets. Here is the formula:
Net Fixed Assets equals Fixed Assets at cost minus Accumulated Depreciation

Formula 3: Net Fixed Assets
Total assets: This is the sum of all the assets and here is the formula:
Total Assets equals Current Assets plus Other Assets plus Net Fixed Assets
Formula 4: Total Assets
Current liabilities: Bills due in one year of balance sheet date. Here is the formula:
Current Liabilities equals Accounts Payable plus Accrued Expenses plus Current Portion of
Debt plus Income Taxes Payable
Formula 5: Current Liabilities
Shareholder Equity: It is the company value to its owners. It is also known as net worth.
Here is the formula:
Shareholder’s Equity equals Capital Stock plus Retained Earnings
Formula 6: Shareholder’s Equity
Total liabilities and equity- The total obligation plus the entity worth. Here is the formula.
Total Liabilities and Equity equals Current Liabilities plus Long-Term Debt plus
Shareholders’ Equity
Formula 7: Total Liabilities and Equity
These accounting formulas are needed in producing income statement. It is also known as
profit and loss statement.
Gross margin: If you want to get accounting homework helper, make sure that you know
the formula. When it comes to gross margin, it is the left over amount after goods cost that
being sold that taken away from the net sales. Here is the formula:
Gross Margin equals Net Sales minus Cost of Goods Sold
Formula 8: Gross Margin
Operating expenses: It is the sum of the expenses paid for selling and developing service or
product. Here is the formula:
Operating Expenses equals Sales and Marketing plus Research and Development plus
General and Administrative

Formula 9: Operating Expenses
Income from Operations: If you want to complete your accounting homework, be sure that
you know what formula you need to use. When it comes to income from operations, the
formula you need to use it:
Income from Operations equals Gross Margin minus Operating Expenses
Formula 10: Income From Operations
Net Income: The net income is income minus the total costs and expenses. Here is the
formula:
Net Income equals Income from Operations plus Interest Income minus Income Taxes
The accounting formulas are what you need in solving financial statements. It is important
that you keep on exploring on what other formulas you need in solving problems. Be sure
that you are aware on it so that you will not have a hard time in solving. It is not bad to get
accounting homework help because you will benefit from it.
Use accounting formulas cheat sheet today!