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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

All of the following are practical ways to protect your personal financial information except:

Regularly updating your passwords and using strong, unique passwords for each account

Sharing your banking login details with trusted friends for emergencies

Enabling two-factor authentication on your financial accounts

Monitoring your accounts regularly for unauthorized transactions

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Verified step by step guidance

Step 1: Understand the context of the question, which is about protecting personal financial information. This involves identifying practices that enhance security versus those that compromise it.

Step 2: Evaluate each option provided in the question. Consider whether the action described contributes to safeguarding financial information or poses a risk.

Step 3: Analyze the option 'Regularly updating your passwords and using strong, unique passwords for each account.' This is a recommended security practice as it reduces the risk of unauthorized access.

Step 4: Examine the option 'Enabling two-factor authentication on your financial accounts.' This is another effective security measure that adds an extra layer of protection beyond just a password.

Step 5: Review the option 'Sharing your banking login details with trusted friends for emergencies.' This is not a practical way to protect financial information, as sharing login details increases the risk of unauthorized access and breaches.