ACCOUNTING TEXT BOOKS

Accountancy or accounting text books are written and published keeping in mind the basic topics, principles and concepts of accounting. Accounting text books are meant for the accounting students who deal with financial matters. These books are written according to syllabus of the school, college or university board. The different types of accountancy are as follows:

• Lean Accounting
• Cost accounting
• Financial accountancy
• Fund Accounting
• Internal and external accountancy
• Management accounting
• Project accounting
• Positive accounting
• Environmental accounting
• Social responsibility accounting

Accounting text books are based on the Accountancy Principles, rules of conduct and action which are described by the terms like

• concepts
• conventions
• tenets
• assumption
• axioms
• postulates

The Accounting concepts are

• Entity concept
• Dual aspect concept
• Going concern concept
• Accounting period concept
• Money measurement concept
• Historical Cost concept
• Periodic matching of cost and revenue concept
• Verifiable objective evidence concept
• Realization concept
• Accounting methods
• Understandability
• Relevance
• Reliability
• Comparability
• Accrual

The Accounting conventions are

• Convention of disclosure
• Convention of materiality
• Convention of consistency
• Convention of conservatism

Thus the accounting text books impart proper theoretical knowledge in accounting as well as the proper practical training in dealing with financial matters.