The manual has been prepared in accordance with the requirements of the State educational standard of higher professional education. The essence of accounting and its content is considered. The history of the formation of the profession of a modern accountant and auditor is traced. The current state of the profession in Russia is covered. Particular attention is paid to the analysis of the position of the accounting service in the management structure of the organization and the status of this service. The specifics of accounting and auditing in a computer environment are determined. A comprehensive analysis and assessment of business transactions as facts of economic life is provided, and methods for minimizing such risks are considered. Approaches to assessing the impact of business situations on the financial results of an organization are described. The main stages of auditing the facts of economic life have been identified. Practical examples are given. At the end of each chapter, key words, test questions and assignments are given. For students, graduate students, teachers of economic universities, specialists receiving a second higher education, researchers, as well as those undergoing certification and advanced training.