The basic principles of accounting are established by the Generally Accepted Accounting Principles and include being able to record revenue and expenses. Accounting for a business should always include records of transactions for a given time period. Find out how to learn accounting principles with information from an accounting professor in this free video on accounting.

About the Author

Shawn Jones is an accounting professor at Argosy University in Salt Lake City, Utah. He has been been an accountant for more than five years.