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 one of the following is considered a type of accounting used by business associates to record and report financial information?

Financial Accounting

Civil Engineering

Human Resource Management

Forensic Science

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Verified step by step guidance

Understand the question: The problem is asking to identify the type of accounting used by business associates to record and report financial information.

Review the options provided: Financial Accounting, Civil Engineering, Human Resource Management, and Forensic Science.

Clarify the concept of Financial Accounting: Financial Accounting is a specialized branch of accounting focused on recording, summarizing, and reporting financial transactions of a business. It provides financial statements such as the balance sheet, income statement, and cash flow statement to external stakeholders.

Eliminate irrelevant options: Civil Engineering, Human Resource Management, and Forensic Science are unrelated to the recording and reporting of financial information in a business context.

Conclude that Financial Accounting is the correct answer, as it directly pertains to the recording and reporting of financial information for business associates.