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 correctly matches each of the four perspectives of the balanced scorecard with the key question managers are trying to answer?

Financial: What must we excel at?; Customer: Can we continue to improve and create value?; Internal Business Process: How do we look to shareholders?; Learning and Growth: How do customers see us?

Financial: How do we look to shareholders?; Customer: How do customers see us?; Internal Business Process: What must we excel at?; Learning and Growth: Can we continue to improve and create value?

Financial: Can we continue to improve and create value?; Customer: How do we look to shareholders?; Internal Business Process: How do customers see us?; Learning and Growth: What must we excel at?

Financial: How do customers see us?; Customer: What must we excel at?; Internal Business Process: Can we continue to improve and create value?; Learning and Growth: How do we look to shareholders?

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Verified step by step guidance

Step 1: Understand the concept of the balanced scorecard. It is a strategic management tool that helps organizations align business activities to their vision and strategy by focusing on four perspectives: Financial, Customer, Internal Business Process, and Learning and Growth.

Step 2: Review the key question associated with each perspective. The Financial perspective focuses on 'How do we look to shareholders?' as it measures financial performance and profitability. The Customer perspective asks 'How do customers see us?' to evaluate customer satisfaction and market share.

Step 3: Analyze the Internal Business Process perspective, which addresses 'What must we excel at?' This perspective evaluates operational efficiency and processes that contribute to delivering value to customers.

Step 4: Examine the Learning and Growth perspective, which asks 'Can we continue to improve and create value?' This perspective focuses on innovation, employee development, and the organization's ability to adapt and grow.

Step 5: Match each perspective with its corresponding key question based on the definitions provided. Ensure that the correct alignment is made to reflect the purpose of each perspective in the balanced scorecard framework.