This course is designed primarily for non-accounting major students. The objectives of the course are to help students (1) understand what accounting information is, and (2) interpret the information in financial reports. To meet these objectives, the course starts with the reasoning and the processes used to generate, record, aggregate, and report financial information. Following that, the course introduces the primary financial statements and discusses the important elements in financial statements. Finally, the course focuses on the importance of financial statement information, despite its limitations, in interpreting the performance of organizations.