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

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

The value of doing a weighted competitive strength assessment is to:

Quantitatively compare a company's key success factors against its competitors.

Calculate the total assets of a company.

Determine the exact market share of each competitor.

Forecast future stock prices based on past performance.

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Verified step by step guidance

Understand the concept of a weighted competitive strength assessment: It is a tool used to quantitatively compare a company's key success factors against its competitors.

Identify the key success factors relevant to the industry or market. These factors could include product quality, customer service, market share, innovation, etc.

Assign weights to each key success factor based on their importance to the company's competitive position. The weights should sum to 1 (or 100%).

Evaluate the company and its competitors on each key success factor, assigning scores based on performance. Scores are typically on a scale, such as 1 to 10.

Calculate the weighted score for each competitor by multiplying the score for each key success factor by its assigned weight and summing the results. This provides a quantitative comparison of competitive strength.