ABSTRACT
This chapter is divided into basic and advanced sections. The basic section in-cludes background information on basic concepts and defi nitions of accounting, the importance of accounting and good governance, accounting standards, the accounting cycle, and types of accounting. It also includes policies, obstacles and benefi ts to accounting. There is a section on management accounting and various costing techniques. The advanced section includes information on computer technology, modernizing the accounting system, accounting manuals, fund accounting, utility funds, depreciation, and advanced fi nancial and budgetary reporting.
