This textbook introduces the principles and practices of financial accounting based on IFRS standards. It explains how companies record, classify, and report financial transactions to provide useful information to investors, creditors, and other stakeholders. The book covers key topics such as the accounting cycle, financial statements, revenue recognition, assets, liabilities, equity, and cash flows. It also emphasizes the role of accounting in business decision-making and highlights the importance of transparency, consistency, and comparability in financial reporting across international markets.
