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

Most careers in finance primarily deal with which type of accounting?

Cost accounting

Financial accounting

Managerial accounting

Tax accounting

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Verified step by step guidance

Understand the different types of accounting mentioned in the problem: Financial accounting, Managerial accounting, Cost accounting, and Tax accounting.

Financial accounting focuses on preparing financial statements and reports for external stakeholders such as investors, creditors, and regulatory agencies. It is widely used in finance careers.

Managerial accounting is concerned with providing information to internal stakeholders, such as managers, to aid in decision-making within the organization.

Cost accounting deals with analyzing and controlling costs within a business, often used in manufacturing and production settings.

Tax accounting focuses on compliance with tax laws and regulations, preparing tax returns, and planning for tax obligations. Careers in finance primarily deal with Financial accounting because it involves external reporting and analysis, which aligns with the needs of investors and financial markets.