"Accounting Theory and Practice, Volume 1: A Textbook for Colleges and Schools of Business Administration" is the first volume in a series of textbooks that will help students gain fundamental knowledge of accounting. The author, Roy B. Kester, is a well-known expert in the field of accounting and finance and successfully combines theoretical aspects with practical tasks. In each chapter of the book, the key concepts and principles of accounting are considered, supplemented by examples and exercises for independent study. The authors strive for maximum comprehensibility of the material so that students can easily learn the complex aspects of accounting. "Theory and practice of accounting, Volume 1" is not only a textbook, but also an indispensable assistant for everyone who is interested in the field of finance and wants to understand the basics of accounting.