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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following types of accounting is most commonly associated with entry-level, at-will employment positions in organizations?

Forensic Accounting

Financial Accounting

Governmental Accounting

Tax Accounting

Previous problemNext problem

Verified step by step guidance

Understand the different types of accounting mentioned in the problem: Forensic Accounting, Financial Accounting, Governmental Accounting, and Tax Accounting.

Forensic Accounting involves investigating financial discrepancies and fraud, typically requiring specialized skills and experience, making it less common for entry-level positions.

Governmental Accounting focuses on managing and reporting financial information for government entities, which often requires knowledge of specific regulations and may not be as common for entry-level roles in private organizations.

Tax Accounting deals with preparing and filing tax returns, as well as advising on tax-related matters. While it can have entry-level positions, it is often specialized and may not be the most common type of accounting for general entry-level roles.

Financial Accounting is the most commonly associated type of accounting with entry-level positions in organizations. It involves recording, summarizing, and reporting financial transactions, which are fundamental tasks in many businesses and suitable for entry-level roles.