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 finance careers typically requires the highest level of formal education?

Certified Public Accountant (CPA)

Chief Financial Officer (CFO)

Professor of Accounting at a university

Forensic Accountant

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Understand the educational requirements for each career option provided in the question.

Certified Public Accountant (CPA): Research the qualifications needed to become a CPA, which typically include a bachelor's degree in accounting and passing the CPA exam. Some states may require additional coursework or a master's degree.

Chief Financial Officer (CFO): Analyze the qualifications for a CFO, which often include extensive experience in finance and accounting, but not necessarily a formal advanced degree. Many CFOs hold bachelor's degrees and professional certifications.

Professor of Accounting at a university: Investigate the qualifications for this role, which typically require the highest level of formal education, such as a Ph.D. in Accounting or a related field, along with research and teaching experience.

Forensic Accountant: Examine the qualifications for forensic accountants, which usually include a bachelor's degree in accounting, specialized training in forensic accounting, and certifications like the Certified Fraud Examiner (CFE).