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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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 a primary goal of good cash management?

Minimizing idle cash while ensuring sufficient liquidity to meet obligations

Investing all cash in long-term assets

Delaying payments to suppliers indefinitely

Maximizing the amount of cash held at all times

Previous problemNext problem

Verified step by step guidance

Understand the concept of cash management: Cash management involves efficiently handling a company's cash inflows and outflows to ensure liquidity while minimizing idle cash.

Evaluate the options provided: Analyze each option to determine whether it aligns with the principles of good cash management.

Option 1: Minimizing idle cash while ensuring sufficient liquidity to meet obligations. This is a key principle of cash management, as it balances liquidity needs with the goal of avoiding excess cash that could be invested elsewhere.

Option 2: Investing all cash in long-term assets. This is not a good cash management practice because it could lead to liquidity issues, making it difficult to meet short-term obligations.

Option 3: Delaying payments to suppliers indefinitely and Option 4: Maximizing the amount of cash held at all times. Both of these are poor practices as they either harm supplier relationships or result in inefficient use of cash resources.