This course covers the concepts and principles that underlie corporate financial statements, including the balance sheet, income statement, and cash flow statement. The use of accounting reports by both internal and external users is considered. Topics include assets, liabilities, cash flows, profits, revenues, expenses, financial ratios, efficiency, productivity, profitability, budgeting, cost analysis, and management. Case studies are examined in detail using the balance sheets of public companies to consider a company’s performance and future potential. The course concludes with the application of innovative accounting approaches to ensure that the organization is financially successful in the short term and long run and can strategically compete in the global STEM based business environment with a sound financial profile.