As the language of business and the cornerstone of our capital markets, accounting provides terminology, frameworks, and concepts with which to analyze and understand the financial consequences of business activities. As these activities have become increasingly complex and global, the task of presenting timely, relevant, and reliable financial information to interested internal and external users has become more challenging. The primary purpose of this course is to help students develop a high degree of financial statement, financial analysis, and financial management expertise in order to enhance their capabilities as informed managers and decision makers. This course covers both managerial and financial accounting, but to the extent practicable, it does so by taking a comprehensive and integrative approach. As a part of the course, we will also bring to the discussion the news of the day as it pertains to the world of financial reporting. This course is intended to be thought-provoking and managerially relevant; it is not designed as one predominantly focused on accounting mechanics or the memorization of accounting rules. Upon completion, students should have a working knowledge of essential managerial and financial accounting concepts and should be able to understand how they apply to complex business decisions.