Accounting Principles

Author: Liu Xuehua
Publisher:
Publish Date: 2004-01-01
Features: Principles of Accounting is an introductory textbook for accounting. As an introductory textbook, it elaborates on the fundamental theories, methods, and skills of accounting in detail. The book is divided into nine chapters, with each chapter further divided into six sections that cover the meaning, characteristics, and content of accounting, the nature, functions, and objectives of accounting, the basic procedures and methods of accounting, the basic assumptions of accounting, the general principles of accounting, and a brief history of accounting, among other fundamental topics. Chapter 2 introduces accounting elements and the accounting equation. Starting from Chapter 3, it systematically explains the basic principles of double-entry bookkeeping and the preparation procedures of basic financial statements. Among them, Chapter 3 introduces the two basic accounting methods of double-entry bookkeeping—accounts and double-entry bookkeeping; Chapter 4 provides a detailed explanation of the basic procedures of the accounting cycle using the example of a service industry; Chapters 5 and 6 respectively provide detailed introductions to accounting vouchers and accounting ledgers; Chapter 7 introduces the accounting for manufacturing business transactions and further explains the basic procedures of the accounting cycle using the example of a manufacturing industry; Chapter 8 introduces the basic methods of asset and inventory verification and the accounting treatment of verification results; and Chapter 9 explains the nature, functions, formats, and preparation methods of the balance sheet, income statement, and cash flow statement, respectively. This book can be used as a textbook for accounting in financial and economic universities or as a reference for economic and management personnel.