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

Types of Accounting

Financial Accounting

1. Introduction to Accounting

Types of Accounting

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Multiple Choice

Which of the following is NOT one of the six primary business functions commonly recognized in accounting?

Production

Auditing

Marketing

Research and Development

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Understand the six primary business functions commonly recognized in accounting. These typically include: Research and Development, Design, Production, Marketing, Distribution, and Customer Service.

Recognize that 'Auditing' is not one of the six primary business functions. Auditing is a separate process focused on examining financial records and ensuring compliance with accounting standards.

Compare the options provided in the question (Production, Auditing, Marketing, Research and Development) against the six primary business functions.

Identify that 'Auditing' does not align with the six primary business functions, as it is a distinct activity related to financial oversight rather than operational business functions.

Conclude that the correct answer to the question is 'Auditing,' as it is not one of the six primary business functions commonly recognized in accounting.