The objectives of this course are to establish a sound foundation of financial accounting principles and to ensure students understand the process of gathering, recording, classifying, summarizing, reporting as well and interpreting financial information. A first accounting course introduces the student only briefly to actual accounting concepts, practices, and techniques. The real focus of this course is on the meaning and usefulness of accounting information. After completing Acct 201 and Acct 202, students will be able to use accounting information for decision-making. Everyone needs a basic understanding of accounting information, not only those students planning a business career. Accounting information is useful in any career as well as in personal financial activities.