This course is designed to equip the students with relevant knowledge and skills required in Basic Accounting to provide the basic tools in financial accounting that are used in the workplace. The primary goal of any business is to maximize the value of the firm. To achieve this goal, all business employees must have general understanding of how businesses are organized, how the tax system operates, and how accounting data are used to evaluate a businesses’ performance. Addition the supervisors and managers have to know how to record, classify, summarize, interpret financial information and calculate profit or loss in order to take decision. Therefore, the purpose of this course is to equip students with financial skills required for running and managing an organization in today’s increasingly competitive business environment.