This book is intended for use in undergraduate and diploma levels, and it addresses accounting, and business majors. Definitely, a knowledge of accounting practice will prove to be beneficial for anyone considering a career in accounting and business. Thus, our book aims to assist students concerning the financial statement. The other aim of this book is intended to show the details of bookkeeping process to the students majoring in accounting or business to understand more about the step preparing financial statements. The book will guide the students how to change transactions into journals, subsidiary ledgers, general ledgers, worksheet and final report, from income statement, statement of change in equity, statement of financial position, closing entries and post closing entries. The book also is supported by real documents that usually used in any workplaces.