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 to check your credit report at least once a year?

To identify and correct any errors or fraudulent activity that could negatively impact your credit score.

Because it is required by law for all consumers.

To increase your credit score automatically.

To avoid paying annual fees on your credit cards.

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Verified step by step guidance

Understand the purpose of a credit report: A credit report is a detailed record of your credit history, including loans, credit card accounts, payment history, and any outstanding debts. It is used by lenders to assess your creditworthiness.

Recognize the importance of accuracy: Errors or fraudulent activity on your credit report can negatively impact your credit score, which may affect your ability to secure loans or favorable interest rates.

Learn the legal rights: Under the Fair Credit Reporting Act (FCRA), consumers are entitled to one free credit report per year from each of the three major credit reporting agencies (Equifax, Experian, and TransUnion). This allows you to review your report for accuracy.

Understand the benefits of regular checks: By reviewing your credit report annually, you can identify and dispute any inaccuracies or signs of identity theft promptly, ensuring your credit score remains accurate and protected.

Avoid misconceptions: Checking your credit report does not automatically increase your credit score, nor does it help you avoid annual fees on credit cards. Its primary purpose is to ensure the accuracy and integrity of your credit information.