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 lender is more likely to approve a loan if your credit score is not strong?

Subprime lender

Commercial bank

Investment bank

Credit union

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Understand the concept of credit score: A credit score is a numerical representation of a borrower's creditworthiness. A lower credit score indicates higher risk for lenders.

Learn about the types of lenders: Subprime lenders, commercial banks, investment banks, and credit unions are different types of financial institutions that provide loans.

Define subprime lenders: Subprime lenders specialize in providing loans to borrowers with lower credit scores or weaker credit histories. They typically charge higher interest rates to compensate for the increased risk.

Compare subprime lenders to other lenders: Commercial banks, investment banks, and credit unions generally prefer borrowers with strong credit scores and may not approve loans for individuals with poor credit histories.

Conclude that subprime lenders are more likely to approve loans for borrowers with weak credit scores, as they cater specifically to higher-risk individuals.