This book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're just starting or aiming for excellence, this book is your companion on the journey to mastering accounting principles and practices.

Accounting is like science follows a systematic and organized path to understand the economic status of the entity. Accounting is an art because it presents the financial findings by following and implementing a universally accepted method of GAAP. Accounting is considered an art because it requires the use of skills and creative judgment. One has to be trained in this discipline to be able to perform accounting functions well. Accounting is also considered a science because it is a body of knowledge. However, accounting is not an exact science since the rules and principles are constantly changing (improved).