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

Welcome!

Financial Accounting

1. Introduction to Accounting

Welcome!

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Struggling with Financial Accounting?

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Multiple Choice

How does following the Five Foundations help you start your financial future off right?

They guarantee you will become wealthy within a year.

They provide a step-by-step plan for building strong financial habits and avoiding debt.

They focus solely on investing in the stock market.

They eliminate the need for budgeting or saving money.

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Verified step by step guidance

Understand the concept of the Five Foundations: These are principles designed to help individuals build strong financial habits and avoid debt. They include saving for emergencies, staying out of debt, paying cash for large purchases, investing wisely, and giving generously.

Recognize the importance of building strong financial habits: The Five Foundations emphasize creating a solid financial base, which is essential for long-term financial success.

Learn how to avoid debt: Following these principles helps individuals make informed financial decisions, reducing reliance on loans and credit cards, which can lead to financial strain.

Focus on budgeting and saving: The Five Foundations encourage disciplined budgeting and saving practices, ensuring individuals have the resources to handle unexpected expenses and achieve financial goals.

Understand that the Five Foundations are a step-by-step plan: They provide a structured approach to managing finances, helping individuals develop habits that lead to financial stability and growth over time.