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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following is NOT considered a basic bank service?

Granting loans

Accepting deposits

Facilitating fund transfers

Providing investment advisory services

Previous problemNext problem

Verified step by step guidance

Understand the concept of basic bank services: Basic bank services typically include activities that are fundamental to the functioning of a bank, such as accepting deposits, granting loans, and facilitating fund transfers.

Analyze the options provided: Review each option to determine whether it aligns with the definition of basic bank services.

Option 1 - Granting loans: Banks provide loans to individuals and businesses as a core service, making this a basic bank service.

Option 2 - Accepting deposits: Accepting deposits from customers is a fundamental function of banks, as it allows them to manage funds and provide other services.

Option 3 - Providing investment advisory services: While some banks may offer investment advisory services, this is not considered a basic bank service, as it is more specialized and not essential to the core banking functions.