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

Why is it important for an entrepreneur to consider ethics in the world of business?

Ethical considerations are only necessary for large corporations, not small businesses.

Ignoring ethics can increase short-term profits without any negative consequences.

Ethics in business is only relevant for legal compliance, not for reputation or relationships.

Ethical practices help build trust with customers and stakeholders, leading to long-term business success.

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Verified step by step guidance

Understand the role of ethics in business: Ethics are principles that guide behavior and decision-making, ensuring fairness, transparency, and respect for stakeholders.

Recognize the importance of trust: Ethical practices help build trust with customers, employees, and stakeholders, which is essential for maintaining strong relationships and a positive reputation.

Consider long-term success: While unethical behavior might lead to short-term gains, it can harm the business's reputation and relationships, ultimately affecting long-term profitability and sustainability.

Differentiate between legal compliance and ethical behavior: Legal compliance is about following laws, while ethics go beyond legal requirements to ensure responsible and fair practices in all aspects of business.

Apply ethics universally: Ethical considerations are important for businesses of all sizes, not just large corporations, as they impact customer loyalty, employee satisfaction, and overall business success.