With this practical and straightforward introduction, you will quickly get a handle on financial accounting. Through concrete cases, you will learn how to reliably organize your accounting and correctly handle all business transactions. Simply look it up, and you will know what to do. Contents: Basic knowledge of accounting: from inventory to bookings to balance sheets. Properly organizing documents, checking invoices, knowing retention periods. Accounts, account frameworks, and plans. All postings with SKR03 and SKR04. Value-added tax: booking, advance notification, exemptions. Practical examples and exercises with numerous tips and specific instructions for typical business transactions. In the 7th edition: updated account plans SKR 03 and SKR 04, new business transactions related to the Artists' Social Security Fund, reintroduction of declining balance depreciation. Digital extras: exercises with solutions, legal texts, and work aids.