Teaching Learning Accounting: Concepts and Principles

Contents: Preface. 1. Accounting: Concept and Context. 2. Financial Accounting. 3. Cost Accounting. 4. Management Accounting. Index.  

Accounting is necessary in any free-market, capitalist economic system. It’s equally necessary in a centrally controlled, socialist economic system. All economic activity requires information. The more developed the economic system, the more the system depends on information. Much of the information comes from the accounting systems used by the businesses, individuals, and other institutions in the economic system. This book is intended for the teacher-educators, students of undergraduate, graduate and professional courses who are interested in the real magic of debit and credit rather than accounting number-driven problem-solution.