This graduate course introduces the basic concepts and principles of accounting for preparing the financial statements such as income statement (financial performance) and balance sheet (financial position). The course focuses on detailed understanding of accounting information system, accounting concepts, accounting principles, accounting cycle, recording of transactions, and financial statement concepts. LEARNING GOALS AND OBJECTIVES: Goals: This course will enable the students to combine practice and theoretical knowledge of financial accounting. The students of this course will be active learners and develop awareness of emerging trends in financial accounting, The course will provide decision making skills to the students in the financial analysis context, The students of this course will have the ability to identify and analyze financial accounting problems and opportunities in real life situations. Objectives: The objective of this course is to introduce problems of financial accounting such as measuring and reporting issues related to assets and liabilities and preparing the financial statements. Students are expected to gain the ability of using accounting information as a tool in applying solutions for managerial problems, evaluating the financial performance, and interpreting