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 one of the following is an example of systematic risk?

A lawsuit filed against a specific corporation

A recession affecting the entire economy

A company losing a major customer

A factory fire at a single manufacturing plant

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Verified step by step guidance

Understand the concept of systematic risk: Systematic risk refers to the risk that affects the entire market or economy, rather than being specific to a single company or industry. It is also known as market risk and cannot be eliminated through diversification.

Analyze the options provided: Each option represents a different type of risk. Systematic risk impacts the broader economy, while unsystematic risk is specific to individual companies or industries.

Evaluate the first option: 'A lawsuit filed against a specific corporation' is an example of unsystematic risk because it affects only the corporation involved and not the entire market.

Evaluate the second option: 'A recession affecting the entire economy' is an example of systematic risk because it impacts all businesses and industries across the economy, making it a market-wide issue.

Evaluate the remaining options: 'A company losing a major customer' and 'A factory fire at a single manufacturing plant' are examples of unsystematic risk because they are specific to individual companies and do not affect the broader market or economy.