Table of contents

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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

Value-oriented marketers engage in an ongoing process of balancing which of the following in accounting?

Revenues and expenses

Assets and liabilities

Debits and credits

Benefits and costs

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Verified step by step guidance

Understand the concept of value-oriented marketing in accounting, which involves making decisions that maximize the benefits while minimizing the costs associated with those decisions.

Recognize that benefits refer to the positive outcomes or advantages gained from a decision, such as increased revenue, customer satisfaction, or operational efficiency.

Understand that costs refer to the resources expended or sacrifices made to achieve those benefits, such as monetary expenses, time, or effort.

Learn that balancing benefits and costs is a critical aspect of financial decision-making, ensuring that the value created exceeds the resources used.

Apply this concept to real-world scenarios by analyzing the trade-offs between benefits and costs in various accounting decisions, such as budgeting, investment, or pricing strategies.