Includes references.

Chapter 1. Accounting as an information system -- Chapter 2. Branches of accounting -- Chapter 3. Forms of business organizations and types of businesses -- Chapter 4. Basic accounting concepts and principles -- Chapter 5. Books of accounts -- Chapter 6. Analysis of business transactions -- Chapter 7. Accounting cycle for a service business -- Chapter 8. Completing the accounting cycle for service business -- Chapter 9. Accounting cycle for merchandising business -- Chapter 10. Special journals and subsidiary ledgers -- References.

Fundamentals of Accountancy, Business, and Management: A Textbook in Basic Accounting 1 is the first two subjects of accounting that focuses on bookkeeping. In this subject, the student is expected to be good at bookkeeping whatever endeavor he or she plans. To pursue knowledge of bookkeeping is always a valuable tool. This book is for students without previous training in accounting or in business. It is intended for one semester in the business program.
Basic Accounting 1 provides a thorough introduction to the fundamental accounting concepts and principles designed for the easy understanding of the students, while being consistent with the pronouncements and guidelines in the International Financial Reporting Standards (IFRS).
This book has been designed to include exercises that incorporate transactions illustrative of the complete accounting cycle. The chapter examples for the different phases of the accounting cycle have been mae as simple as possible to afford more time for integrated bookkeeping.