Accounting is the financial information system that provides relevant information to those who manage or use economic resources or engage in other economic activities. Principles of Accounts is a course of study that introduces the principles and techniques that accountants employ in measuring, processing, evaluating, and communicating information about the financial performance and position of a business.

Principles of Accounts helps students understand a range of theoretical and practical techniques used in accounting. It helps to develop skills that should enable them to participate more effectively and responsibly in today’s business environment and to improve the management of personal financial activities, such as budgeting, savings, and investment. In addition, this course prepares students for post-secondary and professional studies in accounting.