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 type of card impacts your credit history?

Debit card

Prepaid card

Gift card

Credit card

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Understand the concept of credit history: Credit history is a record of a person's borrowing and repayment activities, which is tracked by credit bureaus. It includes information about loans, credit cards, and other forms of credit.

Analyze the impact of different types of cards: Debit cards, prepaid cards, and gift cards do not involve borrowing money from a financial institution, so they do not contribute to credit history. These cards are typically linked to existing funds or balances.

Focus on credit cards: Credit cards allow users to borrow money up to a certain limit and repay it later, often with interest. The usage and repayment of credit cards are reported to credit bureaus, which directly impacts credit history.

Understand why credit cards affect credit history: Timely payments, credit utilization, and account age are factors tracked by credit bureaus for credit cards. Responsible usage can improve credit history, while missed payments or high utilization can harm it.

Conclude that credit cards are the type of card that impacts credit history, as they involve borrowing and repayment activities that are reported to credit bureaus.