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

If you have already accepted more student loan money than you need, who should you contact to return the excess funds?

Your academic advisor

The Department of Education's customer service

The Internal Revenue Service (IRS)

The financial aid office at your college or university

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Verified step by step guidance

Understand the context of the problem: The question is about returning excess student loan funds, which involves financial aid processes at educational institutions.

Identify the correct entity to contact: Excess student loan funds are managed by the financial aid office at your college or university, as they oversee the disbursement and management of student loans.

Clarify why other options are incorrect: Your academic advisor typically handles academic matters, not financial aid. The Department of Education's customer service provides general information but does not manage individual loan disbursements. The IRS deals with tax-related issues, not student loans.

Learn the process: Contact the financial aid office directly and inquire about the procedure for returning excess funds. They will guide you on how to proceed, including any forms or steps required.

Understand the importance: Returning excess funds promptly can reduce your loan balance and minimize interest accrual, helping you manage your financial obligations more effectively.