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 of the following would be included in the financial plan section of a business plan?

Projected income statement

Marketing strategy

Organizational chart

Product design specifications

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Verified step by step guidance

Step 1: Understand the financial plan section of a business plan. This section typically includes financial projections, budgets, and other financial data that help stakeholders understand the financial viability of the business.

Step 2: Identify the purpose of a projected income statement. A projected income statement is a financial document that estimates future revenues, expenses, and profits. It is a key component of the financial plan section as it provides insight into the expected financial performance of the business.

Step 3: Evaluate the other options provided in the question. Marketing strategy, organizational chart, and product design specifications are important elements of a business plan but are not part of the financial plan section. These belong to other sections such as marketing, organizational structure, and product development.

Step 4: Confirm that the projected income statement is the correct answer because it directly relates to financial planning and forecasting, which are central to the financial plan section.

Step 5: Conclude that the financial plan section focuses on financial data and projections, and the projected income statement is the most relevant item among the options provided.