Financial accounting is a very easy subject that revolves around debit and credit. The basics of understanding withdrawals and deposits from an account are largely the concept that defines life around many of us. Historical data of financial transactions that have already occurred and needs to be put together in a way that follows the trail of the money is what accountability is about and financial accounting helps the world put it in a format that's easy to understand across the globe. This calls for a meticulous record-keeping and using provided accounting principles Generally Accepted globally. Financial Accounting informs the basis of wealth creation and investments. See you in class.