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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following Excel formulas will insert the current date and time into cell A1?

=NOW()

=DATE()

=CURRENT()

=TIME()

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Verified step by step guidance

Step 1: Understand the purpose of the formulas provided in the options. Each formula has a specific function in Excel, and knowing their purpose will help identify the correct one.

Step 2: Analyze the formula =NOW(). This formula is used to insert the current date and time into a cell. It updates automatically whenever the worksheet is recalculated.

Step 3: Examine the formula =DATE(). This formula is used to create a specific date by combining year, month, and day values. It does not insert the current date and time.

Step 4: Review the formula =CURRENT(). This formula does not exist in Excel, so it is not a valid option.

Step 5: Evaluate the formula =TIME(). This formula is used to create a specific time by combining hour, minute, and second values. It does not insert the current date and time.