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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Which of the following questions is primarily answered by a business model?

What are the tax rates applicable to the business?

What is the legal structure of the business?

How does the business create, deliver, and capture value?

Who are the members of the board of directors?

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Verified step by step guidance

Understand the concept of a business model: A business model explains how a company creates, delivers, and captures value. It is a framework that outlines the company's strategy for generating revenue and sustaining profitability.

Identify the key elements of a business model: These typically include the value proposition (what the business offers to customers), target customer segments, revenue streams, cost structure, and key resources and activities.

Analyze the question options: Evaluate each option to determine which aligns with the purpose of a business model. For example, tax rates and legal structure are operational or compliance-related aspects, not part of the business model framework.

Focus on the correct answer: The question 'How does the business create, deliver, and capture value?' directly addresses the core purpose of a business model, making it the correct choice.

Conclude by reinforcing the importance of understanding business models: Emphasize that a business model is essential for strategic planning and decision-making, as it provides a clear roadmap for achieving business goals.