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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Which of the following is NOT a traditional functional area of a business?

Marketing

Production/Operations

Human Resources

Astrophysics

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Verified step by step guidance

Step 1: Understand the context of the question, which is asking about traditional functional areas of a business. These are the core departments or divisions that contribute to the operations and success of a business.

Step 2: Review the options provided: Marketing, Production/Operations, Human Resources, and Astrophysics. Consider whether each option aligns with the traditional functional areas of a business.

Step 3: Recall that traditional functional areas of a business typically include Marketing (focused on promoting and selling products/services), Production/Operations (focused on creating goods or services), and Human Resources (focused on managing employee relations and organizational structure).

Step 4: Identify that Astrophysics is a scientific field focused on the study of celestial bodies and phenomena, which is unrelated to the traditional functional areas of a business.

Step 5: Conclude that Astrophysics is NOT a traditional functional area of a business, as it does not pertain to the core operations or management of a business entity.