This book contains discussions about, Fundamentals of Accounting: Principles and Practices covering Accounting Fundamentals, Accounting Cycle, Recording Business Transactions, Adjusting Entries, Preparing Financial Statements, Completing the Accounting Cycle, Internal Control and Cash, Accounting for Long-Term Assets, Accounting for Liabilities, Accounting for Equity, FinancialStatement Analysis.

Accounting can provide the financial information needed in a company, so that at any time the management level can monitor the company’s financial activities. Accounting can provide financial accountability to its owners and company managers, in addition, often stakeholders outside the company such as Suppliers, Banks, Creditors, company employees, investors and potential investors, the government as a tax collector and so on, require financial
information about the results of a company’s business. Therefore, accounting is very necessary in terms of economic and financial decision making.