We are delighted to place Financial Accounting in the hands of our readers. We view this textbook as a guide. Divided into twelve chapters sequenced in a logical order, this book lead you on a voyage through the world of business and financial reporting. It helps to attain a usable knowledge of the principles of financial accounting as well as an appreciation for its importance and logic to gain a sound understanding of financial accounting theory. By learning its theory, presentation, and procedures, individuals become capable of using financial accounting to make prudent business decisions.. We have relied on our experience as teachers to highlight the aspects of this material that make it interesting, logical, and relevant. The target audience for this book is the students of BCA Second Semester of Tribhuvan University.
Books are not written single-handedly. We would like to express sincere gratitude to Mr. Basant Kumar Bhattarai, founder principal of Greenfield National College, for his valuable support and to the Professors and teachers for their invaluable comments and suggestions during writing this book.
We would like to thank Mrs. Binita Gautam and Mrs. Pujan Acharya who have been so supportive and presented a good understanding while we were busy for many hours a day in writing this book.
Mr. Naresh Bahadur Bist, the Managing Director of Dreamland Publication Pvt. Ltd. deserves special thanks for publishing and marketing this book. Similarly, we thank Mr. Saroj Balami and Mr. Roshan Dahal for providing skillful desktop services and layout design of the book. Finally, we are indebted to all the authors whose ideas gave us the insight to produce this book.
We hope you find this book to be a stimulating read and that your career benefits from your enhanced ability to recognize how financial management techniques and procedures can be applied in hospitality management.
We would appreciate and be obliged with any suggestions and comments from our esteemed experts and readers so that we could improve our book in the next edition.

– Authors
2020