The book focuses on imparting the basics of financial accounting and imbibes skills necessary to perform on the job tasks in the field. The title lays emphasis on both - basic principles as well as practical applications of accounting. The 11th edition includes recent trends in the subject area such as data analytics & visualization, and how these developments are changing the way companies manage their accounting function. India-specific accounting standards, differences between Indian and US accounting standards, and cases have been included wherever applicable. The book offers case select mini cases from Anthony?s Accounting book which is the biggest value addition of this book. It also includes additional solved numerical problems related to various topics of financial accounting and specific inputs on the use of analytics in the subject area.