Part I - PRELIMINARIES
PART II - ACCOUNTING PRINCIPLES AND ASSUMPTIONS
PART III - ACCOUNTING PROCESS

Introduction to Accounting

Your journey to accounting proficiency starts with this brief introduction to accounting, its definitions, nature, activities, and functions. The history of accounting is presented at this initial stage so that you may appreciate the developments that contributed to the growth of accounting into a profession that has contributed immensely to human progress. Whether you are a student, an experienced professional or entrepreneur. There are lessons still to learn or review and skills to acquire or upgrade.

At the end of this lesson, you shall be able to:

  • Define accounting
  • Describe the nature and activities of accounting
  • Explain the functions of accounting in business
  • Narrate the history of accounting
  • Explain the events in history that influenced the development of accounting