"This book illustrates that accounting serves as an aid in understanding economic events; and that accounting builds simple principles and processes to compile and record these events. The fundamentals, concepts and processes that are discussed at the start of this book chose simple illustrations and examples. The discussions and illustrations are carefully presented in a step by step process, and as the chapter progresses, these become a bit complicated towards analysis and generation of reports. It is done this way to prepare students in understanding and solving real business transactions at later chapters. The basic principles of accounting will serve as guide to students, not only in the recording of the business transactions but also in the preparation of the results of operations, which are the financial statements."

in English