Biology
Chemistry
AP Chemistry
English
AP English Literature
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Dec 4, 2025
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patmit
@patmit_sjao
Accounting is the foundation of every business's financial management. It... Show more
Accounting is how businesses track their money. It involves recording transactions, organizing financial data, and analyzing results to make better decisions. This helps business owners and managers understand if they're making a profit or losing money.
The accounting cycle follows six important steps: analyzing source documents (like receipts), recording transactions in journals (chronological records), transferring information to ledgers (categorized records), creating a trial balance to verify accuracy, preparing financial statements, and analyzing those statements.
The fundamental accounting equation is: Assets = Liabilities + Owner's Equity. This means everything a business owns (assets) equals what it owes (liabilities) plus what the owners have invested (owner's equity). Assets can be current (convertible to cash within a year), fixed (like buildings), or intangible (like patents).
Quick Tip: Think of ledgers as organizing your financial information into folders - all expenses in one place, all revenue in another - making it much easier to see the big picture of your business finances.
The three main financial statements tell different stories about a business. The balance sheet shows what a company owns and owes at a specific moment, the income statement reveals profits or losses over a period, and the statement of cash flows tracks money moving in and out of the business. Public companies must file quarterly (10Q) and annual (10K) reports to keep investors informed.
When businesses need money to grow, they have two main options: debt financing (borrowing money) or equity financing (selling ownership shares). Debt means you'll have to repay with interest, while equity means sharing future profits with investors but no repayment obligation.
Stocks and bonds represent two fundamentally different relationships with a company. When you own stock, you're a partial owner with voting rights and might receive dividends. When you buy bonds, you're essentially lending money to the company in exchange for interest payments. Bonds are generally less risky than stocks.
Stock investments come with different categories. Common stock gives voting rights at shareholder meetings, while preferred stock usually pays fixed dividends but doesn't include voting rights. The P/E ratio helps investors determine if a stock is overvalued or underpriced by comparing its current price to its earnings.
Remember This: The stock market isn't just for big investors! Understanding these concepts now will help you make smarter financial decisions when you start investing your own money.
Investment options extend beyond individual stocks. ETFs let you invest in multiple companies at once, while annuities provide guaranteed income streams, typically for retirement. For retirement savings, you might choose between a traditional IRA and a Roth IRA .
When companies pay dividends to shareholders, there are four key dates to know: declaration date (when announced), record date (determines eligible shareholders), ex-dividend date (first day stock trades without dividend value), and payment date (when shareholders actually receive money).
Different investment strategies focus on different types of stocks. Penny stocks are cheap shares (typically under $5) of small companies that carry high risk but potential for big returns. Value stocks are shares of established companies that appear underpriced compared to their fundamentals. Growth stocks represent companies expected to grow faster than average but may not pay dividends.
The investment world includes various players with different roles. Retail investors are individuals managing their personal portfolios, while institutional investors are large organizations (like pension funds) that manage enormous portfolios. Investment bankers help companies raise capital, manage risk, and execute mergers and acquisitions.
Pro Tip: As you learn about investing, start noticing these concepts in real life - check the P/E ratios of companies you know, or observe how dividend announcements affect stock prices in the news.
The investment world has specialized strategies like short selling, where investors borrow shares, sell them, then hope to buy them back at a lower price to profit from falling stock prices. When buying or selling stocks, you'll encounter the bid (highest price a buyer will pay) and ask (lowest price a seller will accept) prices, which represent the trading marketplace in action.
Our AI companion is specifically built for the needs of students. Based on the millions of content pieces we have on the platform we can provide truly meaningful and relevant answers to students. But its not only about answers, the companion is even more about guiding students through their daily learning challenges, with personalised study plans, quizzes or content pieces in the chat and 100% personalisation based on the students skills and developments.
You can download the app in the Google Play Store and in the Apple App Store.
That's right! Enjoy free access to study content, connect with fellow students, and get instant help – all at your fingertips.
App Store
Google Play
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
I think it’s very much worth it and you’ll end up using it a lot once you get the hang of it and even after looking at others notes you can still ask your Artificial intelligence buddy the question and ask to simplify it if you still don’t get it!!! In the end I think it’s worth it 😊👍 ⚠️Also DID I MENTION ITS FREEE YOU DON’T HAVE TO PAY FOR ANYTHING AND STILL GET YOUR GRADES IN PERFECTLY❗️❗️⚠️
Thomas R
iOS user
Knowunity is the BEST app I’ve used in a minute. This is not an ai review or anything this is genuinely coming from a 7th grade student (I know 2011 im young) but dude this app is a 10/10 i have maintained a 3.8 gpa and have plenty of time for gaming. I love it and my mom is just happy I got good grades
Brad T
Android user
Not only did it help me find the answer but it also showed me alternative ways to solve it. I was horrible in math and science but now I have an a in both subjects. Thanks for the help🤍🤍
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
I found this app a couple years ago and it has only gotten better since then. I really love it because it can help with written questions and photo questions. Also, it can find study guides that other people have made as well as flashcard sets and practice tests. The free version is also amazing for students who might not be able to afford it. Would 100% recommend
Aubrey
iOS user
Best app if you're in Highschool or Junior high. I have been using this app for 2 school years and it's the best, it's good if you don't have anyone to help you with school work.😋🩷🎀
Marco B
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This app is phenomenal down to the correct info and the various topics you can study! I greatly recommend it for people who struggle with procrastination and those who need homework help. It has been perfectly accurate for world 1 history as far as I’ve seen! Geometry too!
Paul T
iOS user
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
I think it’s very much worth it and you’ll end up using it a lot once you get the hang of it and even after looking at others notes you can still ask your Artificial intelligence buddy the question and ask to simplify it if you still don’t get it!!! In the end I think it’s worth it 😊👍 ⚠️Also DID I MENTION ITS FREEE YOU DON’T HAVE TO PAY FOR ANYTHING AND STILL GET YOUR GRADES IN PERFECTLY❗️❗️⚠️
Thomas R
iOS user
Knowunity is the BEST app I’ve used in a minute. This is not an ai review or anything this is genuinely coming from a 7th grade student (I know 2011 im young) but dude this app is a 10/10 i have maintained a 3.8 gpa and have plenty of time for gaming. I love it and my mom is just happy I got good grades
Brad T
Android user
Not only did it help me find the answer but it also showed me alternative ways to solve it. I was horrible in math and science but now I have an a in both subjects. Thanks for the help🤍🤍
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
I found this app a couple years ago and it has only gotten better since then. I really love it because it can help with written questions and photo questions. Also, it can find study guides that other people have made as well as flashcard sets and practice tests. The free version is also amazing for students who might not be able to afford it. Would 100% recommend
Aubrey
iOS user
Best app if you're in Highschool or Junior high. I have been using this app for 2 school years and it's the best, it's good if you don't have anyone to help you with school work.😋🩷🎀
Marco B
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This app is phenomenal down to the correct info and the various topics you can study! I greatly recommend it for people who struggle with procrastination and those who need homework help. It has been perfectly accurate for world 1 history as far as I’ve seen! Geometry too!
Paul T
iOS user
patmit
@patmit_sjao
Accounting is the foundation of every business's financial management. It involves tracking, organizing, and analyzing financial information to help businesses make informed decisions. Understanding these basics will help you navigate both personal finances and future business courses.
Access to all documents
Improve your grades
Join milions of students
By signing up you accept Terms of Service and Privacy Policy
Accounting is how businesses track their money. It involves recording transactions, organizing financial data, and analyzing results to make better decisions. This helps business owners and managers understand if they're making a profit or losing money.
The accounting cycle follows six important steps: analyzing source documents (like receipts), recording transactions in journals (chronological records), transferring information to ledgers (categorized records), creating a trial balance to verify accuracy, preparing financial statements, and analyzing those statements.
The fundamental accounting equation is: Assets = Liabilities + Owner's Equity. This means everything a business owns (assets) equals what it owes (liabilities) plus what the owners have invested (owner's equity). Assets can be current (convertible to cash within a year), fixed (like buildings), or intangible (like patents).
Quick Tip: Think of ledgers as organizing your financial information into folders - all expenses in one place, all revenue in another - making it much easier to see the big picture of your business finances.
The three main financial statements tell different stories about a business. The balance sheet shows what a company owns and owes at a specific moment, the income statement reveals profits or losses over a period, and the statement of cash flows tracks money moving in and out of the business. Public companies must file quarterly (10Q) and annual (10K) reports to keep investors informed.
Access to all documents
Improve your grades
Join milions of students
By signing up you accept Terms of Service and Privacy Policy
When businesses need money to grow, they have two main options: debt financing (borrowing money) or equity financing (selling ownership shares). Debt means you'll have to repay with interest, while equity means sharing future profits with investors but no repayment obligation.
Stocks and bonds represent two fundamentally different relationships with a company. When you own stock, you're a partial owner with voting rights and might receive dividends. When you buy bonds, you're essentially lending money to the company in exchange for interest payments. Bonds are generally less risky than stocks.
Stock investments come with different categories. Common stock gives voting rights at shareholder meetings, while preferred stock usually pays fixed dividends but doesn't include voting rights. The P/E ratio helps investors determine if a stock is overvalued or underpriced by comparing its current price to its earnings.
Remember This: The stock market isn't just for big investors! Understanding these concepts now will help you make smarter financial decisions when you start investing your own money.
Investment options extend beyond individual stocks. ETFs let you invest in multiple companies at once, while annuities provide guaranteed income streams, typically for retirement. For retirement savings, you might choose between a traditional IRA and a Roth IRA .
Access to all documents
Improve your grades
Join milions of students
By signing up you accept Terms of Service and Privacy Policy
When companies pay dividends to shareholders, there are four key dates to know: declaration date (when announced), record date (determines eligible shareholders), ex-dividend date (first day stock trades without dividend value), and payment date (when shareholders actually receive money).
Different investment strategies focus on different types of stocks. Penny stocks are cheap shares (typically under $5) of small companies that carry high risk but potential for big returns. Value stocks are shares of established companies that appear underpriced compared to their fundamentals. Growth stocks represent companies expected to grow faster than average but may not pay dividends.
The investment world includes various players with different roles. Retail investors are individuals managing their personal portfolios, while institutional investors are large organizations (like pension funds) that manage enormous portfolios. Investment bankers help companies raise capital, manage risk, and execute mergers and acquisitions.
Pro Tip: As you learn about investing, start noticing these concepts in real life - check the P/E ratios of companies you know, or observe how dividend announcements affect stock prices in the news.
The investment world has specialized strategies like short selling, where investors borrow shares, sell them, then hope to buy them back at a lower price to profit from falling stock prices. When buying or selling stocks, you'll encounter the bid (highest price a buyer will pay) and ask (lowest price a seller will accept) prices, which represent the trading marketplace in action.
Our AI companion is specifically built for the needs of students. Based on the millions of content pieces we have on the platform we can provide truly meaningful and relevant answers to students. But its not only about answers, the companion is even more about guiding students through their daily learning challenges, with personalised study plans, quizzes or content pieces in the chat and 100% personalisation based on the students skills and developments.
You can download the app in the Google Play Store and in the Apple App Store.
That's right! Enjoy free access to study content, connect with fellow students, and get instant help – all at your fingertips.
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Transform this note into: ✓ 50+ Practice Questions ✓ Interactive Flashcards ✓ Full Mock Exam ✓ Essay Outlines
App Store
Google Play
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
I think it’s very much worth it and you’ll end up using it a lot once you get the hang of it and even after looking at others notes you can still ask your Artificial intelligence buddy the question and ask to simplify it if you still don’t get it!!! In the end I think it’s worth it 😊👍 ⚠️Also DID I MENTION ITS FREEE YOU DON’T HAVE TO PAY FOR ANYTHING AND STILL GET YOUR GRADES IN PERFECTLY❗️❗️⚠️
Thomas R
iOS user
Knowunity is the BEST app I’ve used in a minute. This is not an ai review or anything this is genuinely coming from a 7th grade student (I know 2011 im young) but dude this app is a 10/10 i have maintained a 3.8 gpa and have plenty of time for gaming. I love it and my mom is just happy I got good grades
Brad T
Android user
Not only did it help me find the answer but it also showed me alternative ways to solve it. I was horrible in math and science but now I have an a in both subjects. Thanks for the help🤍🤍
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
I found this app a couple years ago and it has only gotten better since then. I really love it because it can help with written questions and photo questions. Also, it can find study guides that other people have made as well as flashcard sets and practice tests. The free version is also amazing for students who might not be able to afford it. Would 100% recommend
Aubrey
iOS user
Best app if you're in Highschool or Junior high. I have been using this app for 2 school years and it's the best, it's good if you don't have anyone to help you with school work.😋🩷🎀
Marco B
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This app is phenomenal down to the correct info and the various topics you can study! I greatly recommend it for people who struggle with procrastination and those who need homework help. It has been perfectly accurate for world 1 history as far as I’ve seen! Geometry too!
Paul T
iOS user
The app is very easy to use and well designed. I have found everything I was looking for so far and have been able to learn a lot from the presentations! I will definitely use the app for a class assignment! And of course it also helps a lot as an inspiration.
Stefan S
iOS user
This app is really great. There are so many study notes and help [...]. My problem subject is French, for example, and the app has so many options for help. Thanks to this app, I have improved my French. I would recommend it to anyone.
Samantha Klich
Android user
Wow, I am really amazed. I just tried the app because I've seen it advertised many times and was absolutely stunned. This app is THE HELP you want for school and above all, it offers so many things, such as workouts and fact sheets, which have been VERY helpful to me personally.
Anna
iOS user
I think it’s very much worth it and you’ll end up using it a lot once you get the hang of it and even after looking at others notes you can still ask your Artificial intelligence buddy the question and ask to simplify it if you still don’t get it!!! In the end I think it’s worth it 😊👍 ⚠️Also DID I MENTION ITS FREEE YOU DON’T HAVE TO PAY FOR ANYTHING AND STILL GET YOUR GRADES IN PERFECTLY❗️❗️⚠️
Thomas R
iOS user
Knowunity is the BEST app I’ve used in a minute. This is not an ai review or anything this is genuinely coming from a 7th grade student (I know 2011 im young) but dude this app is a 10/10 i have maintained a 3.8 gpa and have plenty of time for gaming. I love it and my mom is just happy I got good grades
Brad T
Android user
Not only did it help me find the answer but it also showed me alternative ways to solve it. I was horrible in math and science but now I have an a in both subjects. Thanks for the help🤍🤍
David K
iOS user
The app's just great! All I have to do is enter the topic in the search bar and I get the response real fast. I don't have to watch 10 YouTube videos to understand something, so I'm saving my time. Highly recommended!
Sudenaz Ocak
Android user
In school I was really bad at maths but thanks to the app, I am doing better now. I am so grateful that you made the app.
Greenlight Bonnie
Android user
I found this app a couple years ago and it has only gotten better since then. I really love it because it can help with written questions and photo questions. Also, it can find study guides that other people have made as well as flashcard sets and practice tests. The free version is also amazing for students who might not be able to afford it. Would 100% recommend
Aubrey
iOS user
Best app if you're in Highschool or Junior high. I have been using this app for 2 school years and it's the best, it's good if you don't have anyone to help you with school work.😋🩷🎀
Marco B
iOS user
THE QUIZES AND FLASHCARDS ARE SO USEFUL AND I LOVE THE SCHOOLGPT. IT ALSO IS LITREALLY LIKE CHATGPT BUT SMARTER!! HELPED ME WITH MY MASCARA PROBLEMS TOO!! AS WELL AS MY REAL SUBJECTS ! DUHHH 😍😁😲🤑💗✨🎀😮
Elisha
iOS user
This app is phenomenal down to the correct info and the various topics you can study! I greatly recommend it for people who struggle with procrastination and those who need homework help. It has been perfectly accurate for world 1 history as far as I’ve seen! Geometry too!
Paul T
iOS user
World/Global History
Macroeconomics
Algebra
Calculus 1
Algebra 1
Overige