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 analysis is made up of components such as financial analyses and marketing audits?

Variance analysis

Break-even analysis

Ratio analysis

Situational analysis

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Verified step by step guidance

Understand the concept of Situational Analysis: Situational analysis is a comprehensive evaluation of an organization's internal and external environment. It includes components such as financial analyses, marketing audits, and other assessments to understand the current state of the business.

Identify the components of Situational Analysis: Financial analyses involve reviewing financial statements, ratios, and trends to assess the organization's financial health. Marketing audits evaluate the effectiveness of marketing strategies, campaigns, and market positioning.

Compare Situational Analysis with other types of analyses: Variance analysis focuses on the difference between planned and actual performance, break-even analysis determines the point at which revenue equals costs, and ratio analysis evaluates financial performance using specific ratios. Situational analysis is broader and includes multiple aspects of the business environment.

Recognize the purpose of Situational Analysis: The goal is to provide a holistic view of the organization's strengths, weaknesses, opportunities, and threats (SWOT) to inform strategic decision-making.

Apply Situational Analysis in practice: Use tools like SWOT analysis, PESTLE analysis, and financial statement reviews to conduct a thorough situational analysis for a business or project.