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

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

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Multiple Choice

After a company sets its goals and objectives, the next step in strategic planning is to ________.

analyze the internal and external environment

prepare the financial statements

declare dividends to shareholders

issue new shares of stock

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Verified step by step guidance

Understand the context of strategic planning: Strategic planning involves setting goals and objectives to guide a company's direction and decision-making.

Recognize the importance of analyzing the internal and external environment: This step helps the company assess its strengths, weaknesses, opportunities, and threats (SWOT analysis). It provides critical insights into market conditions, competition, and internal capabilities.

Clarify why preparing financial statements is not the next step: Financial statements are typically prepared to report financial performance and position, but they are not directly part of the strategic planning process at this stage.

Explain why declaring dividends to shareholders is not relevant: Dividends are a financial decision made after profits are determined, and they do not contribute to the strategic planning process.

Discuss why issuing new shares of stock is unrelated: Issuing shares is a financing activity and does not align with the immediate step of analyzing the environment in strategic planning.