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

Of the options listed below, which is the best example of unsystematic risk?

A company losing a major lawsuit

Inflation rising across all industries

A recession affecting the entire economy

An increase in interest rates by the central bank

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Verified step by step guidance

Understand the concept of unsystematic risk: Unsystematic risk refers to risks that are specific to a particular company or industry and can be mitigated through diversification. It contrasts with systematic risk, which affects the entire market or economy.

Analyze the options provided: Evaluate each option to determine whether it represents a risk specific to a company or industry (unsystematic risk) or a broader economic factor (systematic risk).

Option 1: 'A company losing a major lawsuit' - This is an example of unsystematic risk because it is specific to the company involved and does not affect the broader market or economy.

Option 2: 'Inflation rising across all industries' - This is an example of systematic risk because inflation impacts the entire economy and cannot be mitigated through diversification.

Option 3: 'A recession affecting the entire economy' and Option 4: 'An increase in interest rates by the central bank' - Both are examples of systematic risk as they affect the entire market or economy rather than a specific company or industry.