Accounting plays a vital role in the complex competitive business environment. The management requires a steady stream of timely financial information in order to make effective and sound decision and effectively controlling operations. A knowledge of the accounting process and an ability to work with financial information are highly important for the businessmen.

This book is an attempt to provide a means of systematic study of the subject matter in a lucid style using simple language. Efforts have been made to explain complicated principles and concepts of accounting and financial management.

The important features of the book are as follows: The language is simple and easy to understand that a layman may also follow the subject matter. The treatment of the subject s lucid and to the point. Explanatory notes on difficult points with necessary working notes have been given. While explaining the concepts, sufficient numerical questions and their solutions have been included. The illustrations and numerical questions are arranged in a such a style that the students may easily grasp the whole subject matter. The main focus of the book is on developing knowledge of basic concepts and principles of accounting and financial management.