How can someone advise on the financial trajectory of businesses if they do not know how to create concise financial information? How can someone engage in investments if they cannot deeply understand the financial statements of businesses? How are financial statements prepared and studied? How do financial statements change as a result of an accounting event? What is studied in a balance sheet and what information do we extract from it? These are some of the questions this particular work tries to address in the many chapters it contains, aiming to equip the reader with the basic accounting knowledge necessary to navigate safely in the business sector. The main purpose of the book is for readers to understand, both in an introductory and substantial way, the usefulness and application of Financial Accounting and Financial Analysis. In one book, a source of knowledge, readers are given the opportunity to understand how a business's transactions are collected, how they are classified, how they are used to create concise information about it, how this information is analyzed, and how conclusions are drawn. Additionally, it includes many exercises with their solutions and case studies with indicative answers.