In this course, the students will learn basic bookkeeping and accounting. Specifically, they will learn: to keep the company's books and construct the financial statements from them (Income Statement, Balance Sheet and Statement of Cash Flows); to differentiate between the cost and accrual methods of accounting; and to categorize assets, liabilities, and capital. They will also learn to read a company's Annual Report. Specifically they will learn to: recognize and interpret the Annual Report; recognize the form(s), and meaning(s) of the Auditor's Opinion; read the Income Statement, Balance Sheet and Statement of Cash Flows; and read and understand the importance of the footnotes and other disclosures in evaluating the financial statements.