Table of contents

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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 accounting relates to all of the different money decisions you make each day?

Personal accounting

Managerial accounting

Governmental accounting

Financial accounting

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Understand the different types of accounting mentioned in the problem: Personal accounting, Managerial accounting, Governmental accounting, and Financial accounting.

Personal accounting involves managing individual or household finances, such as budgeting, saving, and tracking expenses.

Managerial accounting focuses on providing financial information to managers within an organization to assist in decision-making and planning.

Governmental accounting deals with the financial management and reporting of government entities, ensuring compliance with regulations and public accountability.

Financial accounting is concerned with preparing financial statements for external stakeholders, such as investors and creditors, to provide a clear picture of an organization's financial health.