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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Items stipulated in the contract that the insurer will not provide coverage for are found in the:

Insuring agreement

Declarations section

Exclusions section

Endorsements section

Previous problemNext problem

Verified step by step guidance

Understand the structure of an insurance contract, which typically includes sections such as the declarations, insuring agreement, exclusions, and endorsements.

Recognize that the exclusions section of an insurance contract specifies items, risks, or situations that are not covered by the insurer.

Differentiate between the sections: the declarations section provides basic policy details (e.g., policyholder name, coverage limits), the insuring agreement outlines what is covered, and endorsements modify or add to the policy terms.

Identify that exclusions are explicitly listed to clarify the scope of coverage and avoid ambiguity, ensuring the insurer is not liable for certain risks.

Conclude that items the insurer will not provide coverage for are found in the exclusions section of the contract.