Financial Accounting is a fundamental course for business students, accounting majors, and anyone interested in understanding how businesses track and report their financial activities. The knowledge gained in this course is essential for making informed business decisions and for those pursuing careers in finance, auditing, or accounting.

Financial accounting is a branch of accounting that focuses on the preparation of financial statements for external users, such as investors, creditors, regulators, and the general public. The primary purpose of financial accounting is to provide relevant and reliable information about a business entity's financial performance and position.