This book is catered for undergraduate business students taking the Business Accounting or Introductory Accounting subjects. It covers two branches of accounting-financial accounting and management accounting-in a thorough manner, with emphasis on the Malaysian environment. To enable students to grasp the subject with ease, worked examples featuring step-by-step calculations are given. In addition, students are able to reinforce what they have learnt through ample self-tests and authentic group tasks. To further consolidate students' understanding of the topics, essential terms are presented in a brief and concise mannder as margin notes. This new edition comprises five new chapters, revised topics and activities, and online resources for students and lecturers.