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

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Multiple Choice

Don Lieberman and Associates, a CPA firm, primarily engages in which type of accounting?

Managerial accounting

Forensic accounting

Governmental accounting

Public accounting

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Verified step by step guidance

Step 1: Understand the context of the question. The problem is asking about the type of accounting primarily engaged in by Don Lieberman and Associates, a CPA firm.

Step 2: Review the types of accounting listed in the options: Managerial accounting, Forensic accounting, Governmental accounting, and Public accounting. Each type has distinct characteristics and purposes.

Step 3: Recall that CPA firms typically provide services such as auditing, tax preparation, and consulting to the public, which aligns with the definition of Public accounting.

Step 4: Compare the characteristics of Public accounting with the activities of Don Lieberman and Associates to confirm the alignment.

Step 5: Conclude that the correct type of accounting primarily engaged in by Don Lieberman and Associates is Public accounting, based on the services typically provided by CPA firms.