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 considered the roadmap of where the business is going?

Vision statement

Mission statement

Code of ethics

Organizational chart

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Understand the purpose of each term provided in the options: Vision statement, Mission statement, Code of ethics, and Organizational chart.

A Vision statement outlines the long-term goals and aspirations of a business, serving as a roadmap for where the business is heading.

A Mission statement defines the purpose and primary objectives of the business, focusing on what it does and why it exists.

A Code of ethics provides guidelines for ethical behavior and decision-making within the organization.

An Organizational chart visually represents the structure of the organization, showing roles and relationships but does not indicate the business's future direction.