This is an introductory accounting course that exposes students to fundamental accounting principles, the regulatory framework of accounting practice, elements of financial statements, the mechanics of data entry, preparation of financial statements, financial statement analysis, control accounts and reconciliations, and ethics in the accounting profession.

The course is designed to provide students with the requisite skills for analyzing transactions, opening and maintaining proper books of accounts, doing basic reconciliations, preparing financial statements for sole proprietorships, applying fundamental accounting principles and ethical codes in solving accounting and business problems, and evaluating the financial performance of a business entity using financial statement analysis.