Accounting 211 is licensed under a Creative Commons Attribution 4.0 International license (CC BY-NC-SA), except where otherwise noted.

This Open Educational Resource textbook has been adapted from the following 2 OpenStax textbooks:

OpenStax: Principles of Accounting, Volume 1: Financial Accounting

  • Chapter 1: Role of Accounting in Society
  • Chapter 2: Introduction to Financial Statements
  • Chapter 3: Analyzing and Recording Transactions
  • Chapter 4: The Adjustment Process
  • Chapter 5: Completing the Accounting Cycle
  • Chapter 6: Merchandising Transactions
  • Chapter 8: Fraud, Internal Controls, and Cash
  • Chapter 9: Accounting for Receivables
  • Chapter 10: Inventory
  • Chapter 11: Long-term Assets
  • Chapter 12: Current Liabilities
  • Chapter 13: Long-term Liabilities
  • Chapter 14: Corporation Accounting

OpenStax Principles of Accounting, Volume 2: Managerial Accounting

  • Chapter 3: Cost-Volume-Profit Analysis
  • Chapter 4: Job Order Costing
  • Chapter 5: Process Costing
  • Chapter 6: Activity-Based, Variable, and Absorption Costing
  • Chapter 7: Budgeting
  • Chapter 8: Standard Costs and Variances

Chapters and sections were borrowed and adapted from the above existing OER textbooks. Without these foundational texts, a lot more work would have been required to complete this project. Thank you to those who shared before us.


This text is provided to you as an Open Educational Resource (OER) which you access online. It is designed to give you a comprehensive introduction to accounting at no or very nominal cost. It contains both written and graphic text material, intra-text links to other internal material which may aid in understanding topics and concepts and extra-text links to videos and web material that clarifies and augments topics and concepts.


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