![](https://lms.su.edu.pk/storage/uploads/1588326540-financial-accounting-fundamentals-an-introduction-to-financial-accounting-for-students-and-professionals.jpg)
Introduction to course
Principles of accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.