Financial accounting lessons involve learning the company's historical reports so that they understand how to read historical facts and are able to predict sound financial choices and precious. Financial accounting and management accounting courses provide the student with various reasons for their differences. Management courses are designed with statistical and scientific approaches so that the student is able to calculate the monetary value which will be used to make vital financial decisions. Some course topics include sales forecasting data, probability studies, data consolidation, and benchmarking and budgeting. As for the financial accounting course, it focuses on the creation of financial data. The main topics are the preparation of data relating to cash flow, solvency, and success and strength. "The main objective of financial accounting is the preparation of financial statements - including the balance sheet, income statement and cash flow statement - which summarize the operational performance of the company over a given period and its position financial situation at a given time", Investopedia, para. 1,