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 is NOT an activity related to acquiring new employees for an organization?

Recording payroll expenses in the financial statements

Interviewing job candidates

Conducting background checks

Posting job openings

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Verified step by step guidance

Understand the context of the question: The problem is asking which activity is NOT related to acquiring new employees for an organization. This requires distinguishing between activities directly involved in the hiring process and those that are administrative or financial in nature.

Review each option provided: Analyze the activities listed (Recording payroll expenses in the financial statements, Interviewing job candidates, Conducting background checks, Posting job openings) and determine their relevance to the hiring process.

Clarify the concept of acquiring new employees: Activities related to acquiring new employees typically include tasks that help identify, evaluate, and select candidates for employment, such as posting job openings, interviewing candidates, and conducting background checks.

Evaluate 'Recording payroll expenses in the financial statements': This activity is part of financial accounting and involves documenting employee-related expenses after hiring, which is not directly part of the hiring process itself.

Conclude which activity is unrelated: Based on the analysis, identify the activity that does not contribute to acquiring new employees and is instead part of financial record-keeping.