Table of contents

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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 provides the legal and managerial guidelines for operating the firm?

Managerial Accounting

Tax Accounting

Financial Accounting

Regulatory Accounting

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

Managerial Accounting focuses on providing internal reports and information to assist management in decision-making processes.

Tax Accounting deals with preparing tax returns and ensuring compliance with tax laws and regulations.

Financial Accounting involves preparing financial statements for external stakeholders, such as investors and creditors, based on standardized principles.

Regulatory Accounting provides legal and managerial guidelines for operating the firm, ensuring compliance with laws and regulations. This aligns with the correct answer provided in the problem.