Table of contents

Skip topic navigation

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 type of accounting career pathway involves assisting individuals with creating and managing budgets as well as calculating taxes?

Personal Financial Planning

Auditing

Forensic Accounting

Cost Accounting

Previous problemNext problem

Verified step by step guidance

Understand the different accounting career pathways by defining each term: Personal Financial Planning, Auditing, Forensic Accounting, and Cost Accounting.

Personal Financial Planning involves helping individuals manage their finances, including creating budgets, planning for future expenses, and calculating taxes.

Auditing focuses on examining financial records to ensure accuracy and compliance with regulations, typically for organizations rather than individuals.

Forensic Accounting involves investigating financial discrepancies and fraud, often for legal purposes or litigation support.

Cost Accounting is primarily concerned with analyzing and managing costs within a business to improve efficiency and profitability, not directly related to individual financial management.