Table of contents

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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 positions is primarily responsible for raising capital and investing funds within an organization?

Controller

Cost Accountant

Internal Auditor

Chief Financial Officer (CFO)

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Understand the roles of each position listed in the problem: Controller, Cost Accountant, Internal Auditor, and Chief Financial Officer (CFO).

The Controller is responsible for overseeing financial reporting and compliance, ensuring accurate accounting records, and preparing financial statements.

The Cost Accountant focuses on analyzing costs associated with production or operations to help the organization manage expenses effectively.

The Internal Auditor evaluates the organization's internal controls, risk management, and compliance with policies and regulations.

The Chief Financial Officer (CFO) is primarily responsible for raising capital, managing financial strategies, and investing funds to ensure the organization's financial health and growth.