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

Which type of accounting is most directly concerned with measuring and reporting a company's efforts in social responsibility and corporate citizenship?

Cost accounting

Tax accounting

Social accounting

Financial accounting

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Understand the different types of accounting mentioned in the problem: Cost accounting, Tax accounting, Financial accounting, and Social accounting.

Cost accounting focuses on analyzing and controlling costs within a company to improve efficiency and profitability.

Tax accounting deals with preparing and reporting financial information in compliance with tax laws and regulations.

Financial accounting is concerned with preparing financial statements to provide information about a company's financial performance and position to external stakeholders.

Social accounting, also known as sustainability or corporate social responsibility accounting, is directly concerned with measuring and reporting a company's efforts in social responsibility and corporate citizenship, making it the correct answer.