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

Which of the following can help you to achieve your financial goals?

Ignoring your spending habits

Creating and following a budget

Making financial decisions without any planning

Avoiding all forms of saving

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Verified step by step guidance

Understand the concept of financial goals: Financial goals are specific objectives you aim to achieve with your money, such as saving for a house, paying off debt, or building an emergency fund.

Recognize the importance of budgeting: A budget is a financial plan that helps you allocate your income towards expenses, savings, and investments. It ensures you are living within your means and working towards your goals.

Evaluate the options provided: Ignoring spending habits, making decisions without planning, and avoiding saving are counterproductive to achieving financial goals. These actions lead to poor financial management.

Identify the correct approach: Creating and following a budget is a proactive step that allows you to track your income and expenses, prioritize savings, and make informed financial decisions.

Apply this knowledge: To achieve your financial goals, start by creating a realistic budget, monitor your spending habits, plan your financial decisions carefully, and incorporate saving as a regular practice.