PART 01 Fundamentals of Accounting

1. The meaning of accounting
2 Financial statements
3 Meaning of Account
4 Accounting Transactions and Resentments
5 Electricity
PART 01 Multiple Choice Questions
PART 01 Multiple Choice Questions Answers
PART 01 Subjective Questions
PART 01 Subjective Question Answers

PART 02 Accounting Settlement

1. Significance of the settlement
2. Year-end adjustment entry (settlement adjustment entry)
3 Comprehensive Settlement Cases
Closing of the 4th ledger
5 Preparation of financial statements and comprehensive income statements
PART 02 Multiple Choice Questions
PART 02 Multiple Choice Questions Answers
PART 02 Subjective Questions
PART 02 Subjective Question Answers

PART 03 Settlement of the above business

2. Settlement of commodity trading companies
3 Net sales and net purchases
PART 03 Multiple Choice Questions
PART 03 Multiple Choice Questions Answers
PART 03 Subjective Questions
PART 03 Answers to subjective questions

PART 04 Conceptual Framework

1 Generally Accepted Accounting Principles
2 Conceptual Framework
3. Qualitative Characteristics of Useful Financial Information
4 Recognition and Removal of Financial Statement Elements
5 Measurement of Financial Statement Elements
6. The concept of capital and capital maintenance
PART 04 Multiple Choice Questions
PART 04 Multiple Choice Questions Answers

PART 05 Financial Statement Presentation

1 General Principles of Preparation and Presentation of Financial Statements
2. Method of presenting financial statements
3. Comprehensive Income Statement Presentation Method
PART 05 Multiple Choice Questions
PART 05 Multiple Choice Questions Answers

PART 06 Inventory Assets

1 Definition of inventory assets
2 Initial Measurement of Inventory Assets
3 Ending inventory amount
4 Estimation of inventory assets
5. Depreciation and valuation losses on inventory assets
PART 06 Multiple Choice Questions
PART 06 Multiple Choice Questions Answers
PART 06 Subjective Questions
PART 06 Answers to subjective questions

PART 07 Tangible Assets

1 Definition of tangible assets
2 Initial measurement of tangible assets
3 Subsequent measurement of tangible assets
4 Impairment of tangible assets
PART 07 Multiple Choice Questions
PART 07 Multiple Choice Questions Answers
PART 07 Subjective Questions
PART 07 Answers to subjective questions

PART 08 Intangible Assets

1 Definition of intangible assets
2 Recognition and Initial Measurement of Intangible Assets
3. Subsequent Measurement of Intangible Assets
PART 08 Multiple Choice Questions
PART 08 Multiple Choice Questions Answers

PART 09 Financial Assets

1 Time value of money
2 Financial products
3 Cash and cash equivalents
4. Classification by nature and purpose of holding financial assets
5 Investment Equity Products
6. Investment stocks in affiliated companies
7 Investment Debt Products
8 Loans and Receivables
PART 09 Multiple Choice Questions
PART 09 Multiple Choice Questions Answers
PART 09 Subjective Questions
PART 09 Subjective Questions Answers

PART 10 FINANCIAL DEBT

1 Definition of financial debt
2 Issuance of private bonds
3 Repayment of private debt
PART 10 Multiple Choice Questions
PART 10 Multiple Choice Questions Answers
PART 10 Subjective Questions
PART 10 Subjective Questions Answers

PART 11 DEBT

1 Definition of Debt
2. Different Classifications of Debt
3 Types of Current Liabilities
4. Accrued and contingent liabilities
PART 11 Multiple Choice Questions
PART 11 Multiple Choice Questions Answers
PART 11 Subjective Questions
PART 11 Subjective Questions Answers

PART 12 CAPITAL

1 Definition of Capital
2 Classification of capital
3 Retained earnings
PART 12 Multiple Choice Questions
PART 12 Multiple Choice Questions Answers
PART 12 Subjective Questions
PART 12 Subjective Questions Answers

PART 13 Revenue from contracts with customers

1. Definition of Revenue and the Five Steps to Revenue Recognition
2 Various Revenue Recognition Cases
3 Progress criteria
PART 13 Multiple Choice Questions
PART 13 Multiple Choice Questions Answers

PART 14 CASH FLOW STATEMENT

1 Presentation of the statement of cash flows
2 Cash Flow Statement Activity Classification
3 Cash flow from operating activities
4 Cash Flow from Investing Activities and Cash Flow from Financing Activities
5 Transactions without cash inflows or outflows. Note disclosure
PART 14 Multiple Choice Questions
PART 14 Multiple Choice Questions Answers

PART 15 FINANCIAL STATEMENT ANALYSIS

1 What is financial statement analysis?
2 Safety ratio
3 Profitability ratio
4 Activity ratio
5 Other financial ratios

PART 16 OTHER ACCOUNTING

1 Investment property
2 Accounting changes and error corrections

The revised edition of the textbook '2026 Accounting Principles Basics for Real Estate Appraisers (3rd Edition)' has been published by Parkmungak Publishing Co., Ltd.

This textbook has been structured in a unified manner to ensure a good connection with the intermediate accounting course, which follows accounting principles.

This textbook was written for exam preparation purposes, so it reflects recent trends in exam questions to ensure it is suitable for exam preparation for real estate appraisers, customs brokers, tax accountants, and accountants.

Accounting Principles is a course that requires understanding the accounting cycle and practicing preparing financial statements. Therefore, in addition to multiple-choice questions, it includes subjective practice questions to enable broader learning than short-answer questions.

It is structured to convey only the necessary information for beginners learning accounting.
Therefore, we tried to reduce the burden of learning by not including unnecessary information in the introductory course.

I wish all test takers success in their exams.