Principles of Accounting

Accounting refers to the processing, measurement and communication of financial data of businesses and corporations. The information gathered is communicated to investors, creditors and regulators in the form of financial reports and statements. Financial statements are developed on a set of generally accepted accounting principles. Auditing, financial accounting, tax accounting, management accounting, etc. are some of the subfields of accounting. Accounting information systems play a crucial role in reducing the costs of storing, accumulating and reporting of managerial accounting information. 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.