Table of contents

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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 business department is primarily responsible for conflict resolution and addressing employee needs?

Human Resources

Operations Management

Financial Accounting

Marketing

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Verified step by step guidance

Step 1: Understand the role of each department listed in the options. Human Resources is primarily responsible for managing employee relations, addressing employee needs, and resolving conflicts.

Step 2: Operations Management focuses on overseeing the production and delivery of goods and services, ensuring efficiency in processes.

Step 3: Financial Accounting deals with recording, summarizing, and reporting financial transactions to provide insights into the financial health of the business.

Step 4: Marketing is responsible for promoting products or services, understanding customer needs, and driving sales.

Step 5: Based on the descriptions, identify the department that aligns most closely with conflict resolution and addressing employee needs, which is Human Resources.