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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Struggling with Financial Accounting?

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Multiple Choice

Which of the following is a type of accounting? Select the correct option.

Payroll accounting

Financial accounting

Cost accounting

Managerial accounting

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Verified step by step guidance

Step 1: Understand the question, which asks to identify types of accounting from the given options.

Step 2: Recall the definition of Financial Accounting, which involves recording, summarizing, and reporting financial transactions to external users such as investors and creditors.

Step 3: Recall the definition of Managerial Accounting, which focuses on providing information to internal users like managers for decision-making purposes.

Step 4: Recall the definition of Cost Accounting, which deals with analyzing and controlling costs within an organization.

Step 5: Recognize that Payroll Accounting is not a distinct type of accounting but rather a specific function within accounting that deals with employee compensation.