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 type of accounting worker would most likely need a bachelor's degree?

Accounts Payable Clerk

Certified Public Accountant (CPA)

Payroll Assistant

Bookkeeper

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Verified step by step guidance

Understand the educational requirements for each role mentioned in the problem: Accounts Payable Clerk, Certified Public Accountant (CPA), Payroll Assistant, and Bookkeeper.

Recognize that a Certified Public Accountant (CPA) is a specialized role that requires passing the CPA exam, which typically requires a bachelor's degree in accounting or a related field as a prerequisite.

Compare this requirement to the other roles: Accounts Payable Clerk, Payroll Assistant, and Bookkeeper, which generally do not require a bachelor's degree and may only require a high school diploma or an associate degree.

Conclude that the role of Certified Public Accountant (CPA) is the one most likely to require a bachelor's degree due to its professional and regulatory requirements.

Verify your understanding by reviewing the qualifications and responsibilities of a CPA, which include advanced knowledge of accounting principles, auditing, and tax regulations, all of which are typically covered in a bachelor's degree program.