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

Which of the following statements is true for both stocks and bonds?

They both represent ownership in a company.

They are both considered financial instruments traded in capital markets.

They both have voting rights in corporate decisions.

They both guarantee fixed periodic interest payments.

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Verified step by step guidance

Understand the nature of stocks and bonds: Stocks represent ownership in a company, while bonds are debt instruments issued by a company or government to raise funds.

Analyze the statement 'They both represent ownership in a company': This is incorrect because only stocks represent ownership, while bonds do not.

Evaluate the statement 'They are both considered financial instruments traded in capital markets': This is correct because both stocks and bonds are traded in capital markets as financial instruments.

Assess the statement 'They both have voting rights in corporate decisions': This is incorrect because only stockholders typically have voting rights, not bondholders.

Review the statement 'They both guarantee fixed periodic interest payments': This is incorrect because bonds may guarantee interest payments, but stocks do not provide fixed periodic payments; instead, they may pay dividends based on company performance.