Knowledge of accounting knowledge is very important to everyone, especially for those involved in making economic decisions. With globalization, a world without borders, free flow of capital, and the recent economic downturn had added a further requirement that knowledge. Recognizing this, many higher education institutions offering accounting courses to students not only to follow the accounting field but also in other fields. The demand for accounting introductory courses is very encouraging. Unfortunately reading and reference material on accounting in Malaysia is less in the market. At the urging of students who most of them are less proficient in English, the authors are encouraged to produce this book. However, the matters described in this book are in the stage of introduction only and reserved for students not in the field of accounting. To explore this subject, students should refer to reading materials in English that is widely available in the market.