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

The Financial Statements

Financial Accounting

1. Introduction to Accounting

The Financial Statements

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Multiple Choice

Where in a business plan can you typically find cost estimates and the effect of each cost on the company?

In the financial statements section

In the marketing plan section

In the executive summary

In the company description section

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Verified step by step guidance

Understand the purpose of each section in a business plan: The financial statements section typically includes cost estimates and their effects on the company, as it focuses on the financial health and projections of the business.

Review the marketing plan section: This section primarily focuses on strategies to promote the product or service, target markets, and pricing strategies, rather than detailed cost estimates.

Analyze the executive summary: This section provides a high-level overview of the business plan, summarizing key points but not delving into detailed cost estimates.

Examine the company description section: This section outlines the nature of the business, its mission, and its goals, but it does not typically include cost estimates or their effects.

Conclude that the financial statements section is the most appropriate place to find cost estimates and their effects, as it is specifically designed to present financial data and projections.