Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Why is it important to consider loans last when paying for higher education?

Because loans do not affect your future financial obligations.

Because loans are only available to students with perfect credit scores.

Because loans must be repaid with interest, increasing the total cost of education.

Because loans are always forgiven after graduation.

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Verified step by step guidance

Understand the concept of loans: Loans are borrowed money that must be repaid, typically with interest, which increases the total cost of the original amount borrowed.

Recognize the financial implications: Loans create future financial obligations, as repayment schedules and interest rates can significantly impact your financial stability after graduation.

Compare loans to other funding options: Grants, scholarships, and work-study programs do not require repayment, making them more cost-effective options for funding education.

Prioritize funding sources: It is generally advisable to exhaust non-repayable funding options first, such as savings, scholarships, and grants, before considering loans.

Evaluate the long-term impact: By considering loans last, you minimize the amount borrowed and reduce the financial burden of repayment, helping to manage your future financial health more effectively.