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 of the following would NOT be considered a revenue stream?

Issuance of common stock

Service fees earned

Sales of goods

Interest income

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Understand the concept of revenue streams: Revenue streams refer to the various sources from which a business earns money through its operations, such as selling goods, providing services, or earning interest income.

Analyze each option: Review the options provided to determine which one does not fit the definition of a revenue stream. Revenue streams are typically related to the core operations of a business.

Option 1 - Issuance of common stock: Issuing common stock is a financing activity, not an operational activity. It involves raising capital from investors and does not represent income earned from business operations.

Option 2 - Service fees earned: Service fees are earned from providing services, which is a core operational activity and qualifies as a revenue stream.

Option 3 - Sales of goods and Option 4 - Interest income: Both sales of goods and interest income are sources of revenue generated from business operations or investments, making them valid revenue streams.