Lee Jong-tae: Principles of Accounting

Part 1, Fundamentals of Accounting, discusses the significance, purpose, and scope of accounting, and summarizes the basic concepts required for accounting principles as well as the contents of financial statements, the ultimate goal of accounting. Part 2, The Accounting Cycle, examines the process from the occurrence of a transaction to the preparation of financial statements, initially using a simple example from the service industry, and then explains the specific accounting cycle using the example of a merchandise trading company. Part 3, Accounting Treatment by Account, examines the accounting treatment and reporting procedures for each account constituting the financial statements. While Part 2 provides a general overview of the overall flow leading up to the preparation of financial statements, Part 3, Accounting Treatment by Account, enables an understanding of the detailed and specific accounting treatment of each component of the financial statements. Part 4, Preparation and Utilization of Financial Statements, synthesizes the content covered in Parts 2 and 3 to summarize the contents of closing entries and is structured to provide a final review of the accounting cycle through comprehensive examples. Additionally, it covers methods of analyzing financial statements to facilitate understanding and utilization.

Korean title: 회계원리

Korean author: 이종태

Korean publisher: 교육과학사

ISBN-13: 9788925411064