Enterprise Resource Planning/Accounting/1

Completion status: this resource is ~50% complete.
Educational level: this is a tertiary (university) resource.

Introduction to the accounting equationEdit

This is a lesson part of the module ERP Accounting out of the Open Source ERP/Executive Masters course conducted by a private university.


  • The accounting equation is the basis for book keeping and all accounting. A strong fundamental understanding of this equation and its application is the difference between having a passing understanding of accounting versus being able to add value, and squeezing the maximum benefit from OSS ERP.


  • Why is "book keeping" also called the "double entry system" ?
  • Can you name some of the benefits of adopting the "double entry system" ?


  • Publish your works in an attractive manner in your user page, stating your own views and findings providing links to your sources. Use the talk page here to score marks.
  • Create or edit sub-pages of course materials within wikiversity.
  • Discuss in the forum (link shall be provided) by offering your ideas and answering or comment on others' postings.
  • Work through all the drills from AccountingCoach[1].


  1. http://www.accountingcoach.com/online-accounting-course/14Dpg01.html

Links to Student NotesEdit

(Provided by Students - subject to edit ranking by tutor)

Notable Links to ResourcesEdit

(Provided by Students - subject to edit ranking by tutor)


(Done in wikiversity as course material by the students under the guidance of the tutor)