This book presents a simplified manner according to the vocabulary of the sectoral committee in the accounting department and consisting of twelve chapter: the first chapter is allocate Basic Concepts in Accounting & Financial Accounting, and the second chapter of The Theoretical (Conceptual) Framework of Financial Accounting, while the third chapter was focused on Accounting for Purchases and Sales Of Goods ,while focused fourth chapter on Accounting for Commercial notes, either Chapter fifth It focused on Adjusting Entries, and focused Chapter sixth on Bank Reconciliation, while focused Chapter seventh of the Financial Statements, and focused Chapter eightith of Property, Plant and Equipment, while the chapter ninth is focused on Depreciation, and Chapter tenth on Accounts Receivables while chapter eleventh is focused on Inventory and finally allocated Chapter twelveth to Investments.