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

Why is it important to check your credit history?

To increase your bank account interest rate automatically

To detect potential identity theft or unauthorized activity

To identify and correct errors that could affect your credit score

To ensure you are paying the lowest possible income tax

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Verified step by step guidance

Understand the concept of credit history: Credit history is a record of a person's borrowing and repayment activities, including loans, credit cards, and other financial obligations. It is used by lenders to assess creditworthiness.

Recognize the importance of detecting identity theft or unauthorized activity: Regularly checking your credit history helps you identify any fraudulent accounts or transactions that could harm your financial standing.

Learn about the impact of errors on your credit score: Mistakes in your credit report, such as incorrect account information or payment history, can negatively affect your credit score. Identifying and correcting these errors is crucial.

Understand the role of credit history in financial decisions: A good credit history can help you secure loans with favorable terms, lower interest rates, and better financial opportunities.

Clarify misconceptions: Checking your credit history does not directly affect your income tax or bank account interest rate. Its primary purpose is to ensure accuracy and protect your financial health.