Fundamentals of Financial Accounting

This book is written for introductory courses on Financial Accounting. The book starts off with an introductory chapter on accounting that provides students with some background knowledge on, among others, the development of the field of accounting and its various branches. A thorough exposition of accounting frameworks and theories, particularly those related to the local context, are then presented. The subsequent chapters discuss the application of the frameworks and theories for various practical situations. Among the key features of the book are accounting simulations which provide students with a feel of authentic accounting tasks, worked examples explained in a step-by-step manner, and ample review questions and exercises which facilitate continuous assessment.