Financial Accounting: Principles and Practice

Authors

Byrne Kaulu
University of Zambia image/svg+xml

Keywords:

Financial Accounting, Principles of Accounting, Double Entry, Financial Statements, Trial Balance, Adjustments to financial statements, Cash Flow, IFRS, Partnerships, Sole traders, Limited Companies, Accounting Concepts, Bookkeeping, Journals, Ledger, Final Accounts, International Standards

Synopsis

Financial Accounting: Principles and Practice offers a comprehensive and practical introduction to the core principles of financial accounting. It covers fundamental concepts such as the accounting equation, double-entry bookkeeping, and preparation of financial statements for different forms of business organizations.

The book emphasizes clarity, application, and conceptual understanding, supported by worked examples, illustrations, and end-of-chapter questions. Special attention is given to the preparation of accounts for sole traders, partnerships, and companies, together with adjustments, reconciliations, and the presentation of financial information in line with international standards.

Designed for professional and academic use, the text equips readers with the technical knowledge and practical skills needed to understand, prepare, and interpret financial accounts in a modern business environment.

Chapters

Financial Accounting Principles and Practice - Cover Image

Published

August 24, 2025

Series

Humanities and Social Sciences
Copyright (c) 2025 FourthIR Press

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

How to Cite

Financial Accounting: Principles and Practice. (2025). FourthIR Press. https://books.fourthir.net/index.php/fp/catalog/book/6