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

Why should a business be concerned with its stakeholders?

Stakeholders are only interested in the business's tax payments.

Stakeholders can influence the business's reputation and long-term success.

Stakeholders have no impact on business operations or decision-making.

Stakeholders are responsible for setting government regulations.

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Verified step by step guidance

Understand the concept of stakeholders: Stakeholders are individuals or groups that have an interest in the business, such as employees, customers, suppliers, investors, and the community.

Recognize the importance of stakeholders: Stakeholders can influence the business's reputation, operations, and long-term success through their actions, feedback, and support.

Identify the misconception: Stakeholders are not solely interested in tax payments, nor are they responsible for setting government regulations. They play a broader role in the business ecosystem.

Analyze the impact of stakeholders: Stakeholders can affect decision-making, provide resources, and shape public perception, which are critical for the business's sustainability and growth.

Conclude the reasoning: A business should be concerned with its stakeholders because their engagement and satisfaction are essential for maintaining trust, achieving strategic goals, and ensuring long-term success.