Financial Accounting Essentials You Always Wanted To Know covers Financial Accounting concepts in concise and easy-to-understand manner for business professionals and non-finance graduates. This book includes Financial Accounting FUNDAMENTALS, SOLVED Examples, Important CONCEPTS & PRINCIPLES and Ample PRACTICE Exercises. The topics covered are: a) Understanding of Financial Accounting Terms; b) Need, nature and purpose of Financial Statements; c) Audience of Financial Statements; d) Balance Sheet; e) Income Statement; f) Statement of Cash Flows. The book is divided into separate chapters, each dedicated to a single concept in Financial Accounting. The flow is such that it builds the readers understanding in stages. At the end of each chapter there are ample solved examples that help apply the concepts learnt in the chapter. This is followed by Practice Exercises that give an opportunity to the reader to apply the learnings from the chapter. The reader gains the following competence after reading this book: a) Understanding of individual items in Financial Statements; b) Reading and understanding Balance Sheet, Income Statement and Statement of Cash Flows; c) Preparing Balance Sheet, Income Statement and Statement of Cash Flows.