Accounting is an information system which receives data processes it  and gives valuable information required for making decision. Accounting is a discipline that all people , regardless of job status, should have some knowledge. Accounting plays a vital role in running a business because it helps to track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions. Financial records reflect the results of operations as well as the financial position of small business or corporation. This course provides an insight about the accounting principles, concept and enable them to prepare the Financial statements of trading concerns.