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

When discussing financial products with clients, you may:

Guarantee specific investment returns regardless of market conditions.

Provide accurate and relevant information to help clients make informed decisions.

Withhold important risks associated with the products to avoid client hesitation.

Encourage clients to invest without considering their financial goals or risk tolerance.

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Verified step by step guidance

Understand the ethical and professional responsibilities of financial advisors, which include providing accurate and relevant information to clients.

Recognize that guaranteeing specific investment returns regardless of market conditions is not appropriate, as it may mislead clients and violate ethical standards.

Identify the importance of disclosing all risks associated with financial products to ensure clients are fully informed and can make decisions based on their risk tolerance.

Acknowledge that encouraging clients to invest without considering their financial goals or risk tolerance is not a responsible practice and may lead to unsuitable investment decisions.

Conclude that the correct approach is to provide accurate and relevant information to help clients make informed decisions, aligning with ethical standards and professional practices in financial advising.