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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

How can thinking of your business as a flywheel improve the handoff between sales and services?

It focuses solely on maximizing sales volume, with less emphasis on post-sale processes.

It eliminates the need for feedback between sales and services teams.

It encourages continuous momentum, ensuring that information and customer experience flow smoothly from sales to services.

It separates sales and services into independent departments with minimal interaction.

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Verified step by step guidance

Understand the concept of a flywheel in business: A flywheel represents a continuous cycle of momentum where each part of the business contributes to the next, creating a seamless flow of processes and customer experience.

Identify the importance of collaboration between sales and services: Sales and services teams must work together to ensure that customer expectations set during the sales process are met during the service delivery phase.

Recognize the role of feedback loops: A flywheel approach emphasizes the importance of feedback between sales and services teams to improve processes, address customer concerns, and enhance overall satisfaction.

Analyze how continuous momentum benefits the business: By ensuring smooth transitions and communication between sales and services, the flywheel approach helps maintain customer trust and loyalty, which drives repeat business and referrals.

Apply the flywheel concept to improve handoffs: Encourage practices such as shared goals, integrated systems, and regular communication between sales and services teams to ensure a seamless customer experience and sustained business growth.