This book is written by eleven authors who have significant commercial experiences in diverse industries who are currently teaching accounting, auditing, and taxation disciplines in private universities. With first-year accounting and diploma students in mind, the content of this book is written based on generally accepted accounting practices, and where applicable, the Malaysian Financial Reporting Standards (MFRS). In addition to the general understanding of the purpose of financial reporting and the conceptual framework used in modern accounting, this book provides a comprehensive discussion of the processes involved in contemporary accounting functions as well as the use of accounting information for financial and business decision-making.
Although this book was written for accounting students, it is also a good reference book for students pursuing a business degree or diploma and are required to study introductory accounting. This book provides step-by-step calculations, supplemented with explanations, that are ideal for all accounting and non-accounting students seeking basic accounting knowledge.