Dr. Sammy Fung advised every entrepreneur to make financial statement to become their best friend. He explained that entrepreneurs can objectively measure the status of their start-up company through financial accounting. With the help of a company’s balance sheet, income statement and statement of cash flow, Dr. Fung guided the audience to review the financial performance of a company. After teaching the accounting basic, he extracted the financial statement of Cafe De Coral, a listed company in Hong Kong, for the audience to exercise the skills they acquired in a very practical way.