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

Types of Accounting

Financial Accounting

1. Introduction to Accounting

Types of Accounting

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 of the following is NOT a type of accounting commonly recognized in the field of financial accounting?

Managerial Accounting

Financial Accounting

Tax Accounting

Biological Accounting

Previous problemNext problem

Verified step by step guidance

Understand the question: The problem is asking which of the listed options is NOT a commonly recognized type of accounting in the field of financial accounting.

Review the listed options: Managerial Accounting, Financial Accounting, Tax Accounting, and Biological Accounting.

Recall the definitions of the listed types of accounting: Managerial Accounting focuses on internal decision-making, Financial Accounting deals with external reporting, and Tax Accounting involves compliance with tax laws.

Recognize that 'Biological Accounting' is not a standard or recognized type of accounting in the field of financial accounting.

Conclude that the correct answer is 'Biological Accounting' because it does not align with the established categories of accounting.