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 function of financial markets?

Facilitating the transfer of funds between savers and borrowers

Determining the prices of financial instruments

Preparing financial statements for companies

Providing liquidity to financial assets

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Verified step by step guidance

Step 1: Understand the concept of financial markets. Financial markets are platforms or systems that facilitate the exchange of financial instruments such as stocks, bonds, and derivatives. Their primary functions include transferring funds, determining prices, and providing liquidity.

Step 2: Analyze the listed functions. The first function, 'Facilitating the transfer of funds between savers and borrowers,' is a core function of financial markets as they connect those who have excess funds (savers) with those who need funds (borrowers).

Step 3: Evaluate the second function, 'Determining the prices of financial instruments.' Financial markets play a critical role in price discovery, where the forces of supply and demand determine the value of financial assets.

Step 4: Assess the third function, 'Preparing financial statements for companies.' This is not a function of financial markets. Preparing financial statements is the responsibility of companies and their accounting teams, not the financial markets.

Step 5: Review the fourth function, 'Providing liquidity to financial assets.' Financial markets provide liquidity by enabling the buying and selling of assets, ensuring that investors can convert their investments into cash when needed.