Financial Accounting (A) (I) is a full-year course and selected topics will be covered in two semesters. The course is designed to create an awareness of accounting concepts and principles for the preparation of primary financial statements. The role of this course is to systematically introduce students with the basic elements of financial statements, fundamental accounting practices and how business and economic information is generated in the accounting process. Students will be acquainted with the economic transactions frequently processed in the accounting information system and develop senses about business daily operations from these transactions. Accounting is considered as the language of business used to facilitate communications of various aspects of business, and sophisticated market participants are commonly equipped with the capability to use such language. This course aims to prepare students with the knowledge and skills needed to succeed in the business field.