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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following best defines financial capital as used in the financial industry?

The skills and knowledge possessed by employees within an organization.

The amount of profit generated by a company during a specific period.

The funds or resources that a business uses to acquire assets and finance its operations.

The total value of a company's physical assets such as buildings and equipment.

Previous problemNext problem

Verified step by step guidance

Step 1: Understand the term 'financial capital' as it is used in the financial industry. Financial capital refers to the funds or resources that a business uses to acquire assets and finance its operations.

Step 2: Differentiate financial capital from other concepts such as human capital (skills and knowledge of employees), physical capital (value of physical assets like buildings and equipment), and profit (amount generated during a specific period).

Step 3: Analyze the options provided in the question. Identify which option aligns with the definition of financial capital.

Step 4: Eliminate incorrect options by comparing their definitions to the concept of financial capital. For example, human capital and physical assets are distinct from financial capital.

Step 5: Select the correct answer, which is 'The funds or resources that a business uses to acquire assets and finance its operations,' as it matches the definition of financial capital.