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 an example of a financial strategic objective?

Increase annual revenue by $2 million

Achieve a 15% return on equity

Increase market share by 10% over the next year

Reduce operating expenses by 5%

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Verified step by step guidance

Understand the concept of financial strategic objectives: These are goals related to the financial performance of a company, such as revenue growth, profitability, cost reduction, or return on investment.

Analyze each option provided in the problem to determine whether it aligns with financial strategic objectives. For example, 'Increase annual revenue by $2 million' is a financial goal because it directly relates to revenue growth.

Evaluate 'Achieve a 15% return on equity': This is a financial strategic objective because it measures profitability and efficiency in generating returns for shareholders.

Consider 'Reduce operating expenses by 5%': This is also a financial strategic objective because it focuses on cost reduction, which impacts the company's financial performance.

Identify 'Increase market share by 10% over the next year': This is NOT a financial strategic objective because market share is a non-financial metric related to competitive positioning rather than direct financial performance.