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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Which of the following groups is most likely to be considered a firm's internal stakeholder?

Suppliers

Employees

Government agencies

Customers

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Understand the concept of stakeholders: Stakeholders are individuals or groups that have an interest in the activities and outcomes of a business. They can be classified as internal or external stakeholders.

Define internal stakeholders: Internal stakeholders are those who are directly involved in the operations of the company and are part of the organization, such as employees, managers, and owners.

Define external stakeholders: External stakeholders are those who are not part of the organization but are affected by its activities, such as suppliers, customers, government agencies, and the community.

Analyze the options provided: Suppliers, government agencies, and customers are external stakeholders because they are not directly part of the firm's operations. Employees, however, are internal stakeholders because they work within the organization and contribute to its daily activities.

Conclude that employees are the most likely group to be considered a firm's internal stakeholders, as they are directly involved in the company's operations and decision-making processes.