The course is on financial accounting concepts, principles, processes and uses of accounting data for financial reporting and analysis. Its major emphasis is the preparation, analysis, and the use of financial statement information for business decisions. While considerable importance is placed on evaluation, interpretation and use of accounting data for decision-making, the fundamentals of accounting measurement and disclosure are stressed. This entails a focus on current reporting requirements with consideration of their strengths and weaknesses. Such knowledge will enable the student to participate in and manage the future important accounting and reporting activities of a company including entrepreneurial businesses.