This study aims to examine the differences in understanding of the basic concepts of accounting, namely the understanding of assets, liabilities and capital based on high school background (SMK Accounting, SMA IPS, SMA IPA and SMA Others). The sample in this study amounted to 40 Accounting students at Hein Namotemo University. This study used SPSS 16.0 data processing, with a different test, hypothesis testing showed the results, namely H1, H2 and H3 were not accepted, namely the significance level of each was 0.955. , 0.810 and 0.899 where the value is greater than 0.05. This is due to several factors, including: lack of training, lack of practice, short study portions, etc., resulting in a lack of student understanding of assets, liabilities and capital which are other important indicators of financial statements.