Principles of Accounting

The aim of this book is to acquaint students with basic accounting methods and procedures. Emphasis is placed on the correct identification of assets and liabilities, costs and benefits, understanding the principle of duality and correlations, understanding the nature of accounting, identifying the impact of accounting operations in real situations and the preparation of closing the books, including other related processes. The book Principles of Accounting is intended for foreign students and for students studying in the English program. The book is elaborated under conditions of Czech accounting regulations.