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 of the following is an example of an internal force that can affect a company's environment?

New government regulations

Economic recessions

Changes in company management

Shifts in consumer preferences

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Verified step by step guidance

Understand the concept of internal and external forces: Internal forces are factors within the company that can influence its operations, such as management decisions, company culture, or internal policies. External forces are factors outside the company, such as government regulations, economic conditions, or consumer preferences.

Identify the examples provided in the problem: The options include new government regulations, economic recessions, changes in company management, and shifts in consumer preferences.

Classify each example: Determine whether each example is an internal or external force. For instance, new government regulations and economic recessions are external forces because they originate outside the company. Shifts in consumer preferences are also external because they depend on external market trends.

Focus on the internal force: Changes in company management are an internal force because they occur within the organization and directly impact its operations, decision-making, and strategy.

Conclude the reasoning: Based on the classification, the correct answer is 'Changes in company management,' as it is the only internal force listed among the options.