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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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 term is used to describe the business rules governing the relationships connecting entities within an organization?

Business Entity Principle

Business Organization Policies

Corporate Governance

Organizational Structure

Previous problemNext problem

Verified step by step guidance

Step 1: Understand the context of the question. The problem is asking about the term that describes the business rules governing relationships between entities within an organization.

Step 2: Review the provided options: Business Entity Principle, Business Organization Policies, Corporate Governance, and Organizational Structure.

Step 3: Clarify each term: - Business Entity Principle refers to the accounting concept that separates the business's financial records from the owner's personal finances. - Business Organization Policies are the rules and guidelines that govern how entities within an organization interact and operate. - Corporate Governance refers to the system of rules, practices, and processes by which a company is directed and controlled. - Organizational Structure refers to the hierarchy and arrangement of roles within an organization.

Step 4: Identify the term that best matches the description of 'business rules governing relationships connecting entities within an organization.' Based on the definitions, Business Organization Policies is the most relevant term.

Step 5: Conclude that the correct answer is Business Organization Policies, as it directly addresses the rules and guidelines governing relationships within an organization.