Computer Information System (CIS) majors are required to successfully complete an introductory accounting course. Given the current forces in the financial world, the appropriateness of this course warrants scrutiny as to whether it properly serves the student, and the degree to which it continues to meet the IS 2002 outcomes. The current business learning outcomes are cited in the IS 2002 document. An introductory accounting course should be updated to include a deeper study of financial statements, accounting cycles, and financial ratio analysis. This paper attempts to answer the question: What are the key accounting concepts that should be taught to CIS students with a focused goal of preparing them for careers as systems analysts in the 21st century?