The objective of this study is to introduce students to the fundamental concepts of financial accounting systems and principles, including financial statements preparation, interpretation and communication to external parties and managers. Among topics covered are: the accounting cycle for gathering, recording, summarizing, reporting and analyzing of accounting data. ÿThe course includes an overview of accounting for assets, liabilities, stockholders' equity, revenues and expenses including cash, investments, accounts receivable, inventories, plant assets and equipment, intangible assets and natural resources, short and long term liabilities, in addition to basic principles of internal control and the role of ethics in accounting profession. This course covers professional ethics and social responsibility in business.Notes: Students cannot count the credit for Accounting for Decision Makersÿ(ACCT 1005) in their degree plan if they also take Introductory Accounting I (ACCT 2005) 'Financial' and/or Introductory Accounting II (ACCT 2010) 'Managerial', since the course contents are similar. The course satisfies quantitative aspects of business.This course was previously BME-212054 ÿIntroductory Accounting 1.