Introductory Accounting

The measurement, processing and communication of non-financial and financial information about economic organizations takes place within accounting. It is used to measure the economic activities undertaken by an organization and provide this information to different users such as creditors, regulators and investors. Accounting is classified into various categories such as financial accounting, management accounting, tax accounting, cost accounting and external auditing. Financial accounting involves the preparation of financial statements and reporting information related to an organization's finance for external users. Management accounting is used to measure, analyze and report information for decision-making. This textbook provides comprehensive insights into the field of accounting. It provides significant information of this discipline to help develop a good understanding of this subject and related fields. This book, with its detailed analyses and data, will prove immensely beneficial to professionals and students involved in this area at various levels.