1. Accounting and its environment --2. About international accounting standards,new ifrs framework --3. Accounting equation and the double-entry system --4. Recording business transactions --5. Adjusting the accounts --6. Worksheet and financial statements --7. Completing the accounting cycle --8. Merchandising operations --9. Completing the cycle for a merchandising business --10. Special and combination journals, and voucher system --11. Manufacturing operations real world situation- making whey! --12. Internal control and cash --13. Accounts and notes receivable --14. Inventory, property and equipment --15. Payroll.