This course includes two major parts. One is the continuation of the introduction to financial accounting. Topics related to long-term liabilities, investments, shareholders’ equity, statement of cash flows, as well as financial statement analysis will be covered. The second part is the introduction to cost and management accounting. Topics related to cost accounting systems, cost-volume-profit analysis, budgeting, standard costing systems, and decision making using accounting information will be covered. As such, this course offers students the knowledge about not only financial accounting information presented to outsiders of a firm, but also management accounting information used by managers inside a firm.