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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

When considering the reliability of management for a business opportunity, which type of accounting is most relevant for providing information to internal decision-makers?

Managerial accounting

Tax accounting

Governmental accounting

Financial accounting

Previous problemNext problem

Verified step by step guidance

Understand the purpose of each type of accounting mentioned in the problem: Managerial accounting, Tax accounting, Governmental accounting, and Financial accounting.

Managerial accounting focuses on providing information to internal decision-makers, such as managers, to help them make informed business decisions. This includes budgeting, forecasting, and performance analysis.

Tax accounting deals with compliance with tax laws and regulations, ensuring accurate reporting of taxable income and preparation of tax returns.

Governmental accounting is specific to public sector entities and focuses on accountability and transparency in the use of public funds.

Financial accounting is primarily concerned with providing information to external stakeholders, such as investors and creditors, through financial statements. Based on this analysis, managerial accounting is the most relevant for internal decision-making.