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

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Multiple Choice

Financial law does not include laws dealing with which of the following savings and investment channels?

Personal piggy banks kept at home

Bank savings accounts

Mutual funds

Government bonds

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Verified step by step guidance

Understand the scope of financial law: Financial law typically governs formal financial systems and institutions, such as banks, investment funds, and government-issued securities.

Identify the savings and investment channels listed in the problem: Personal piggy banks kept at home, bank savings accounts, mutual funds, and government bonds.

Analyze each option: Personal piggy banks kept at home are informal and not regulated by financial law, whereas bank savings accounts, mutual funds, and government bonds are formal channels governed by financial regulations.

Clarify why personal piggy banks are excluded: Since they are private and informal, they do not fall under the purview of financial law, which focuses on regulated financial systems.

Conclude that financial law does not include laws dealing with personal piggy banks kept at home, as they are outside the scope of formal financial systems.