The present textbook provides students with the knowledge of basic accounting principles and practices in a systematic manner. The unique feature of the book is the simplicity of subject matter presentation which will enable students to understand the subject exhaustively and solve practical problems with ease. The main strengths of the book are: up-to-date text, plentiful illustrative examples, and end-of-chapter exercises with short answers. This book is for KSHEC syllabus-compliant universities including Mangalore University; Gulbarga University; Kuvempu University; Davangere University; and Karnataka State Akkamahadeve Women's University, Vijaypura. • Covers the course curriculum requirements of Advanced Financial Accounting for B.Com. students as per NEP 2020. • Includes concise chapters - each chapter covering a specific topic for better grasp of the subject. • Presents the subject matter in such a manner that students have total conceptual clarity. • Develops remembering, understanding, thinking, analyzing and evaluating skills of students through a variety of questions and problems as per B.Com. curriculum requirements.