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

Which of the following is NOT a built-in financial function available in Excel?

IRR (Internal Rate of Return)

PMT (Payment for a loan)

NPV (Net Present Value)

ROI (Return on Investment)

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Verified step by step guidance

Understand the context of the question: Excel provides built-in financial functions to help users perform various financial calculations efficiently. These functions are pre-programmed and widely used in financial analysis.

Review the financial functions mentioned in the question: IRR (Internal Rate of Return), PMT (Payment for a loan), NPV (Net Present Value), and ROI (Return on Investment).

Recall that IRR is a built-in Excel function used to calculate the internal rate of return for a series of cash flows.

Recall that PMT is a built-in Excel function used to calculate the payment for a loan based on constant interest rates and fixed payments.

Recall that NPV is a built-in Excel function used to calculate the net present value of an investment based on a series of cash flows and a discount rate. ROI (Return on Investment), however, is not a built-in Excel function, as it requires manual calculation or custom formulas.