This course provides an introduction to accounting, within the context of business and making business decisions. The learner explores the role of accounting information in the decision-making process and learns how to use various types of accounting information found in the different kinds of financial statements. This course starts with the introduction of accounting and its roles in business followed by how and where is accounting information are communicated. The learner is also acquainted with the current issues involving the accounting profession for better appreciation of the subject matter. The learner is then taught how accounting systems are used in accumulating accountable transactions of a business entity, both manual and computerized. Discussed are special journals, the voucher system, and simple bank reconciliation. During the first half of the course, the learner deals with transactions made by both service and merchandising oriented businesses, the difference in their accounts and how their financial statements are prepared..