A thorough introduction to the basic financial statements including the balance sheet, income statement, and statement of cash flows, with a focus on accounting information that is available to individuals outside an organization. The course provides an introduction to the concepts, terminology and principles of financial accounting. Students learn about accounting as an information development and communication function that supports economic decision-making. The course enables students to analyze financial statements; derive information for personal and organizational decisions from financial statements; and better understand business entities. Only one version of B ACC 211 may be taken for credit. Not open to freshmen. Intended accounting and business majors should enroll in B ACC 211 in the first semester of their sophomore year.