Principles of Accounting, Volume 1: Financial Accounting
Suitable Age Group: Ages 18–21
Grade Reference
| 🇺🇸 United States | College Freshman – College Senior |
| 🇬🇧 United Kingdom | University Year 1 – University Year 4 |
| 🇮🇳 India | B.Com. Year 1 – B.Com. Year 4 |
| 🇳🇬 Nigeria | University Year 1 – University Year 4 |
| 🇿🇦 South Africa | University Year 1 – Honours |
| 🇦🇺 Australia | University Year 1 – Honours |
| 🇨🇦 Canada | University Year 1 – University Year 4 |
About This Textbook
This textbook is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
Table of Contents
Role of Accounting in Society — Introduction to Financial Statements — Analyzing and Recording Transactions — The Adjustment Process — Completing the Accounting Cycle — Merchandising Transactions — Accounting Information Systems — Fraud, Internal Controls, and Cash — Accounting for Receivables — Inventory — Long-Term Assets — Current Liabilities — Long-Term Liabilities — Corporation Accounting — Partnership Accounting — Statement of Cash Flows
