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 a source of a tax practitioner's professional responsibilities?

AICPA Code of Professional Conduct

Treasury Department Circular 230

Internal Revenue Code (IRC)

Generally Accepted Auditing Standards (GAAS)

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Verified step by step guidance

Understand the context of the question: The problem is asking which of the listed options is NOT a source of a tax practitioner's professional responsibilities. This requires knowledge of the professional standards and guidelines relevant to tax practitioners.

Review the AICPA Code of Professional Conduct: This code provides ethical guidelines and professional standards for accountants, including tax practitioners. It is a valid source of professional responsibilities.

Examine Treasury Department Circular 230: Circular 230 outlines rules and regulations governing practice before the IRS, including ethical standards for tax practitioners. It is another valid source of professional responsibilities.

Analyze the Internal Revenue Code (IRC): The IRC is the federal tax law in the United States and includes provisions that tax practitioners must follow. It is also a valid source of professional responsibilities.

Evaluate Generally Accepted Auditing Standards (GAAS): GAAS pertains to auditing practices and is not directly related to tax practitioner's professional responsibilities. Therefore, GAAS is the correct answer as it is NOT a source of a tax practitioner's professional responsibilities.