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

Identifying a target market and a program to reach it would be considered a(n):

Marketing activity

Financial accounting activity

Auditing activity

Managerial accounting activity

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Understand the definitions of the terms provided in the options: Marketing activity, Financial accounting activity, Auditing activity, and Managerial accounting activity.

Marketing activity involves identifying customer needs, targeting specific markets, and creating strategies to promote and sell products or services.

Financial accounting activity focuses on recording, summarizing, and reporting financial transactions to external stakeholders, such as investors or creditors.

Auditing activity involves examining financial records and statements to ensure accuracy and compliance with regulations.

Managerial accounting activity is concerned with providing internal financial information to managers for decision-making, planning, and controlling operations.