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 considered a discipline within the accounting profession?

Financial Accounting

Civil Engineering

Managerial Accounting

Human Resource Management

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Verified step by step guidance

Step 1: Understand the question. The problem is asking which of the listed options is considered a discipline within the accounting profession. This requires knowledge of the different branches of accounting.

Step 2: Review the disciplines within the accounting profession. The main branches include Financial Accounting, Managerial Accounting, Tax Accounting, and Auditing. Civil Engineering and Human Resource Management are not part of the accounting profession.

Step 3: Analyze the options provided. Financial Accounting and Managerial Accounting are both disciplines within accounting, while Civil Engineering and Human Resource Management are unrelated fields.

Step 4: Identify the correct answer based on the question. The problem states that the correct answer is Managerial Accounting, which is indeed a discipline within the accounting profession.

Step 5: Conclude that Managerial Accounting is the correct answer because it focuses on providing financial information to managers for decision-making, which is a core aspect of accounting.