Table of contents

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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

Who is primarily responsible for checking the accuracy of accounting reports of businesses?

Auditor

Financial Analyst

Tax Consultant

Bookkeeper

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Understand the roles of each professional listed in the options: Auditor, Financial Analyst, Tax Consultant, and Bookkeeper.

An Auditor is primarily responsible for examining and verifying the accuracy of financial statements and accounting reports to ensure compliance with laws and regulations.

A Financial Analyst focuses on analyzing financial data to provide insights for decision-making, but does not primarily check the accuracy of accounting reports.

A Tax Consultant specializes in tax-related matters, such as preparing tax returns and advising on tax strategies, but does not primarily verify accounting reports.

A Bookkeeper records financial transactions and maintains financial records, but the responsibility for checking the accuracy of accounting reports lies with the Auditor.