This book covers the fundamental concepts and principles of accounting with a focus on financial accounting. Financial accounting is a specialised branch of accounting that focuses on recording, summarizing and reporting an organization’s financial transactions and preparing its financial statements. The book shows a set of guidelines and standards govern the preparations, presentations and reporting of financial information consistently and transparently. The principles ensure that financial statements are accurate, reliable, comparable and comply with financial reporting requirements. This book takes a ‘back-to-basic’ approach, making it suitable for beginners and students studying accounting for the first time. Overall, Financial Accounting: Principles and Tutorials for Success is a well-written book on principles of accounting that can be a valuable tool for students, providing them with the foundation they need to succeed in their business studies and future careers.