Principles of Accounting, Volume 1: Financial Accounting provides a comprehensive introduction to the fundamentals of financial accounting. Designed for undergraduate students and beginners, the book covers core accounting principles including the accounting equation, double-entry system, and the preparation and interpretation of financial statements such as the balance sheet, income statement, and statement of cash flows. The text also explores important topics like accrual accounting, internal controls, ethics in accounting, and the regulatory environment. Through real-world examples and end-of-chapter exercises, learners develop both theoretical understanding and practical skills essential for financial reporting and decision-making.