This course is designed for general students to provide a fundamental understanding of financial accounting, including introductory accounting concepts, principles and theory. It is not expected to make you a CPA but rather a flexible user of financial statements who can extract accounting information from F/S for a variety of purpose, such as investment, banking, tax, measuring performance and so on. Hence, students will be expected to interpret current events in terms of accounting measurements and communication and further be able to prepare, understand, and analyze financial data and financial statements as income statements, balance sheets, and statements of cash flows.