This course provides students with a fundamental understanding of the principles underlying financial accounting. Additionally, students will gain an understanding of the development and analysis of financial statements including the balance sheet, income statement and statement of cash flow. Other topics will include a discussion of financial analysis and financial theory. The course is intended to equip students with the basic mechanics to review and analyze an entity’s financial statements, identify significant issues and to form a general familiarity with financial statements to aid in preparing for litigation or assisting with business transactions.