This book provides a detailed guide to financial accounting. The book is expected to meet the needs of accounting and non-accounting students studying the basic principles of financial accounting, specialised topics in financial accounting, and contemporary areas in financial accounting. Accounting students should find the book helpful in their studies; specifically, the book will be beneficial for learners studying the basic principles of financial accounting, specialised topics such as financial reporting in hyperinflationary economies, accounting for hire purchase transactions, investments in joint ventures, shipping business, agriculture business, and financial instruments. The book also explains blockchain accounting and environmental accounting.