Table of contents

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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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Which of the following is NOT one of the three basic functional areas of business?

Production/Operations

Human Resources

Marketing

Finance

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Understand the three basic functional areas of business: Production/Operations, Marketing, and Finance. These areas are essential for the functioning and success of any business.

Production/Operations involves the creation of goods or services, including managing resources, processes, and quality control.

Marketing focuses on promoting and selling products or services, including market research, advertising, and customer relationship management.

Finance deals with managing the company's financial resources, including budgeting, investing, and financial reporting.

Human Resources, while important, is not considered one of the three basic functional areas of business. It primarily deals with employee management, recruitment, and organizational development.