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

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Which of the following is considered a positive internal factor controlled within a business organization?

Favorable government regulations

Strong management team

Economic growth in the industry

Low interest rates in the market

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Verified step by step guidance

Understand the concept of internal factors: Internal factors are elements within a business organization that can be controlled or influenced by the organization itself, such as management, resources, and operational processes.

Analyze the options provided: Review each option to determine whether it is an internal factor or an external factor. External factors are outside the organization's control, such as government regulations, economic growth, and market interest rates.

Evaluate 'Favorable government regulations': This is an external factor because government regulations are determined by external authorities and cannot be controlled by the business organization.

Evaluate 'Economic growth in the industry': This is also an external factor because industry-wide economic growth is influenced by broader market conditions and external economic policies.

Evaluate 'Strong management team': This is an internal factor because the organization has control over its management team, including hiring, training, and leadership development. A strong management team is a positive internal factor that contributes to the organization's success.