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

Types of Accounting

Financial Accounting

1. Introduction to Accounting

Types of Accounting

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Multiple Choice

Which of the following regulatory agencies provides general oversight for the banking industry in the United States?

Federal Deposit Insurance Corporation (FDIC)

Internal Revenue Service (IRS)

Financial Accounting Standards Board (FASB)

Securities and Exchange Commission (SEC)

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Verified step by step guidance

Understand the role of each regulatory agency listed in the options. Each agency has a specific function, and identifying their primary responsibilities will help determine the correct answer.

The Federal Deposit Insurance Corporation (FDIC) is responsible for providing oversight and insurance for the banking industry in the United States. It ensures the stability of the banking system and protects depositors' funds.

The Internal Revenue Service (IRS) is primarily responsible for tax collection and enforcement of tax laws. It does not oversee the banking industry.

The Financial Accounting Standards Board (FASB) establishes accounting standards (GAAP) for financial reporting but does not regulate the banking industry.

The Securities and Exchange Commission (SEC) oversees securities markets and protects investors but does not provide general oversight for the banking industry. Based on this analysis, the FDIC is the correct answer.