Accounting: An Introduction

Accounting involves measuring, processing and communicating both financial and non-financial information concerning economic entities. Its purpose is to assess the economic activities carried out by an organization and convey this information to diverse stakeholders, including creditors, regulators, and investors. Accounting is categorized into different types, including management accounting, financial accounting, tax accounting, cost accounting, and external auditing. Management accounting is employed to evaluate, analyze, and present data to facilitate decision-making processes. Financial accounting encompasses the creation of financial statements and the communication of financial information concerning an organization to external parties. This book is compiled in such a manner, that it will provide in-depth knowledge about the theory and practice of accounting. The topics included in this book are of utmost significance and bound to provide incredible insights to readers. It will serve as a valuable source of reference for anyone interested in this field.