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

Which of the following is part of the role of marketing for a business?

Preparing financial statements

Identifying customer needs and wants

Auditing internal controls

Calculating depreciation expense

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Understand the role of marketing in a business. Marketing focuses on activities that help the business connect with its customers, such as identifying customer needs and wants, promoting products or services, and building customer relationships.

Review the options provided in the question. The options include tasks that are typically associated with other business functions, such as accounting and auditing, which are not part of marketing.

Eliminate options that are unrelated to marketing. For example, preparing financial statements and calculating depreciation expense are tasks performed by the accounting department, while auditing internal controls is part of the auditing function.

Focus on the option that aligns with marketing's primary role. Identifying customer needs and wants is a core responsibility of marketing, as it helps the business design products and services that meet customer expectations.

Conclude that the correct answer is 'Identifying customer needs and wants,' as it directly relates to the role of marketing in a business.