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 is NOT considered one of the basic areas of finance?

Investments

Managerial Accounting

Corporate Finance

Financial Accounting

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Verified step by step guidance

Understand the question: The problem is asking to identify which option is NOT considered one of the basic areas of finance. This requires knowledge of the fundamental areas of finance and distinguishing them from other fields.

Review the basic areas of finance: The three primary areas of finance are Investments, Corporate Finance, and Financial Markets. These areas focus on managing money, assets, and financial decision-making.

Clarify the term 'Managerial Accounting': Managerial Accounting is a field of accounting that focuses on providing financial information to managers for decision-making within an organization. It is not classified under the basic areas of finance.

Compare the options: Investments, Corporate Finance, and Financial Accounting are all related to finance, but Managerial Accounting is distinct and falls under the broader field of accounting rather than finance.

Conclude the reasoning: Based on the comparison, Managerial Accounting is the correct answer as it is not considered one of the basic areas of finance.