Principles of Financial Accounting is a comprehensive and self-teaching textbook (a guide or a manual) designed for beginners, accounting students, non-accountants, others interested to learn accounting, and is useful as a reference for accounting instructors. The theories, concepts, and principles of accounting are diligently defined, explained, and applied by way of illustrations, exercises, and comprehensive problems with detailed solutions and explanations. Learning objectives are organized into theoretical, analytical, and procedural approach; accounting tools such as the T-account analysis and accounting worksheet are used to facilitate the understanding and applications of financial accounting. You will learn how to utilize a reverse approach or working backwards to solve unknowns. The statement format used are meticulously illustrated to guide students when solving end of chapter questions, exercises and accounting problems. The innovative student-centered practical approach to learning the concepts is crucial for students to feel comfortable as they are introduced to the world of financial accounting.