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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which three elements are typically used to customize a balanced scorecard for an organization?

Cash flows, budgets, and forecasts

Assets, liabilities, and equity

Vision, strategic objectives, and performance measures

Revenue, expenses, and net income

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Verified step by step guidance

Understand the concept of a balanced scorecard: A balanced scorecard is a strategic management tool used to align business activities with the organization's vision and strategy, improve internal and external communications, and monitor organizational performance against strategic goals.

Identify the key elements of a balanced scorecard: The balanced scorecard typically includes elements that help an organization focus on its long-term vision and strategy. These elements are vision, strategic objectives, and performance measures.

Explain the role of 'vision': Vision represents the overarching goal or purpose of the organization. It provides a clear direction and serves as the foundation for developing strategic objectives and performance measures.

Explain the role of 'strategic objectives': Strategic objectives are specific, actionable goals derived from the organization's vision. They guide decision-making and resource allocation to achieve the desired outcomes.

Explain the role of 'performance measures': Performance measures are quantifiable metrics used to assess progress toward achieving strategic objectives. They help track performance and ensure alignment with the organization's vision and strategy.