Principles of Accounting: Volume 1: Financial Accounting – OpenStax

An Open Textbook

M. Franklin, P. Graybeal and D. Cooper


Principles of Accounting is designed to meet the scope and sequence requirments of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. Due to the comprehensive nature of the material, we are offering the book in tow volumes. This is specifically designed to appeal to both accounting an non-accounting majors, exposing students to the core concepts of accounting in familiar ways to vuild a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspect of accounting in order to reinforce concepts and promote comprehensive over rote memorization.

More resources to help instructors and students

Lyryx Online Resources: Online Homework

Ancillary (Open) Resources: Instructor Resources

*Please contact us for access to the LaTeX source and additional resources 

LMS Integration: Brightspace, Moodle, and most LMS supporting LTI protocol