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

Which one of the following is NOT a financial decision made within a firm?

Choosing the appropriate depreciation method for tax reporting

Selecting the mix of debt and equity financing

Deciding how to allocate funds for new equipment

Determining the amount of dividends to distribute to shareholders

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Verified step by step guidance

Step 1: Understand the context of financial decisions within a firm. Financial decisions typically involve managing the firm's capital structure, investment choices, and distribution of profits to shareholders.

Step 2: Analyze each option provided in the question. For example, selecting the mix of debt and equity financing is a financial decision because it impacts the firm's capital structure.

Step 3: Evaluate the option 'Deciding how to allocate funds for new equipment.' This is a financial decision as it involves investment choices and resource allocation.

Step 4: Consider the option 'Determining the amount of dividends to distribute to shareholders.' This is a financial decision because it involves profit distribution and impacts shareholder returns.

Step 5: Examine the option 'Choosing the appropriate depreciation method for tax reporting.' This is NOT a financial decision but rather an accounting decision, as it pertains to compliance with tax regulations and does not directly involve managing the firm's finances.