Welcome to Principles of Accounting, an OpenStax resource. This textbook was written to increase student
access to high-quality learning materials, maintaining highest standards of academic rigor at little to no cost.
OpenStax is a nonprofit based at Rice University, and it’s our mission to improve student access to education.
Our first openly licensed college textbook was published in 2012, and our library has since scaled to over 30
books for college and AP® courses used by hundreds of thousands of students. OpenStax Tutor, our low-cost
personalized learning tool, is being used in college courses throughout the country. Through our partnerships
with philanthropic foundations and our alliance with other educational resource organizations, OpenStax is
breaking down the most common barriers to learning and empowering students and instructors to succeed.