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 type of accountant typically holds titles such as controller, tax accountant, and internal auditor?

Private accountant

Forensic accountant

Public accountant

Government accountant

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Verified step by step guidance

Understand the roles and responsibilities associated with each type of accountant mentioned in the options.

Private accountants typically work within a single organization and hold titles such as controller, tax accountant, and internal auditor. They focus on internal financial management and reporting.

Forensic accountants specialize in investigating financial discrepancies, fraud, and legal disputes. Their work is often external and investigative in nature.

Public accountants provide services to multiple clients, including auditing, tax preparation, and consulting. They are not typically employed by a single organization.

Government accountants work for government agencies and focus on public sector financial management, compliance, and reporting. Compare these descriptions to identify the correct answer.