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

The savings in your savings account would fall under which of the following types of accounting?

Government Accounting

Cost Accounting

Personal Accounting

Management Accounting

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Verified step by step guidance

Understand the different types of accounting mentioned in the problem: Government Accounting, Cost Accounting, Personal Accounting, and Management Accounting.

Government Accounting refers to the accounting practices used by public sector entities to manage public funds and ensure transparency.

Cost Accounting focuses on analyzing and tracking costs associated with production or operations, typically used by businesses to make cost-effective decisions.

Management Accounting involves providing financial and non-financial information to managers for decision-making within an organization.

Personal Accounting is the process of managing an individual's financial activities, such as savings, expenses, and investments. Since the problem mentions savings in a savings account, this falls under Personal Accounting.