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 type of accountant is typically available to businesses or individuals on a fee basis?

Management Accountant

Internal Auditor

Certified Public Accountant (CPA)

Government Accountant

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Verified step by step guidance

Understand the roles of different types of accountants mentioned in the problem. For example, Management Accountants focus on internal financial planning and decision-making, while Internal Auditors evaluate internal controls and compliance.

Recognize that Certified Public Accountants (CPAs) are professionals who provide accounting services to businesses or individuals on a fee basis. They are licensed and often work independently or for accounting firms.

Compare the services provided by CPAs to those of other accountants listed. CPAs typically offer services such as tax preparation, financial statement audits, and consulting, which are often provided on a fee basis.

Note that Government Accountants work for public sector organizations and are not typically available to businesses or individuals on a fee basis.

Conclude that the correct answer is Certified Public Accountant (CPA), as they are the type of accountant who provides services to businesses or individuals on a fee basis.