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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following types of information is typically found on a credit report?

Detailed employment performance reviews

Current bank account balances

Outstanding loan balances and payment history

Medical history and health insurance claims

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Understand the purpose of a credit report: A credit report is a detailed record of an individual's credit history, used by lenders to assess creditworthiness. It typically includes information related to financial behavior and obligations.

Identify the types of information commonly included in a credit report: Credit reports generally contain details such as outstanding loan balances, payment history, credit card accounts, bankruptcies, and inquiries from lenders.

Eliminate irrelevant information: Employment performance reviews, medical history, and health insurance claims are not financial data and are not included in a credit report. These types of information are unrelated to creditworthiness.

Focus on the correct information: Outstanding loan balances and payment history are key components of a credit report. They help lenders evaluate how responsibly an individual manages debt and whether they make timely payments.

Summarize the findings: The correct answer is that a credit report typically includes outstanding loan balances and payment history, as these are directly relevant to assessing an individual's financial reliability.