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 types of accounting does NOT primarily focus on tracking a company's cash position or cash value?

Cost Accounting

Tax Accounting

Financial Accounting

Managerial Accounting

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Verified step by step guidance

Step 1: Understand the primary focus of each type of accounting mentioned in the problem. Cost Accounting focuses on analyzing the costs associated with producing goods or services, helping businesses manage expenses and improve efficiency.

Step 2: Tax Accounting primarily deals with preparing and filing tax returns, ensuring compliance with tax laws, and optimizing tax liabilities. It does not focus on tracking a company's cash position or cash value.

Step 3: Financial Accounting focuses on preparing financial statements (e.g., balance sheets, income statements, and cash flow statements) to provide an overview of a company's financial health, including its cash position.

Step 4: Managerial Accounting is concerned with providing internal reports and analysis to help management make decisions, which may include tracking cash flows but is not primarily focused on cash position or cash value.

Step 5: Based on the explanations above, identify which type of accounting does NOT primarily focus on tracking a company's cash position or cash value.