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

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

Financial Accounting

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

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Multiple Choice

Which of the following is an example of a federal agency regulation that impacts business operations?

Industry best practices for customer service

State-level sales tax collection rules

The Sarbanes-Oxley Act requirements enforced by the Securities and Exchange Commission (SEC)

A company's internal code of ethics

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Verified step by step guidance

Understand the context of the question: It is asking for an example of a federal agency regulation that impacts business operations. Federal agency regulations are rules enforced by federal entities to ensure compliance with laws and standards.

Review the options provided: Analyze each option to determine whether it represents a federal agency regulation. For example, industry best practices for customer service are not enforced by a federal agency but are voluntary guidelines.

Evaluate state-level sales tax collection rules: These are state-specific regulations, not federal agency regulations, so they do not fit the criteria of the question.

Consider the Sarbanes-Oxley Act requirements enforced by the SEC: The SEC is a federal agency, and the Sarbanes-Oxley Act includes regulations that impact business operations, such as financial reporting and internal controls. This aligns with the question's criteria.

Analyze a company's internal code of ethics: This is an internal policy created by the company itself and is not enforced by a federal agency, so it does not qualify as a federal agency regulation.