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 is NOT part of the business analysis process?

Financial statement analysis

Industry analysis

Tax preparation

Strategy analysis

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Verified step by step guidance

Understand the context of the question: The business analysis process involves evaluating various aspects of a company to make informed decisions. It typically includes financial statement analysis, industry analysis, and strategy analysis.

Clarify the term 'financial statement analysis': This involves examining a company's financial reports (e.g., income statement, balance sheet, and cash flow statement) to assess its financial health and performance.

Clarify the term 'industry analysis': This involves studying the industry in which the company operates, including market trends, competition, and external factors that may impact the business.

Clarify the term 'strategy analysis': This involves evaluating the company's strategic goals, plans, and actions to determine their effectiveness in achieving long-term objectives.

Recognize that 'tax preparation' is not part of the business analysis process. Tax preparation is a compliance activity focused on preparing and filing tax returns, which is unrelated to analyzing a business's performance or strategy.