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 of the following is a type of accounting?

Market research accounting

Financial accounting

Customer service accounting

Product design accounting

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Verified step by step guidance

Step 1: Understand the question by identifying the key term 'type of accounting' and recognize that the question is asking for a valid category within the field of accounting.

Step 2: Recall the main types of accounting, which include Financial Accounting, Managerial Accounting, Cost Accounting, Tax Accounting, and Auditing.

Step 3: Evaluate the options provided in the question: 'Market research accounting,' 'Financial accounting,' 'Customer service accounting,' and 'Product design accounting.'

Step 4: Eliminate options that are not recognized as standard types of accounting. For example, 'Market research accounting,' 'Customer service accounting,' and 'Product design accounting' are not established categories in accounting.

Step 5: Identify 'Financial accounting' as the correct answer because it is a widely recognized and fundamental type of accounting focused on preparing financial statements for external users.