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

Why is it important to develop a business case for implementing a new social monitoring technology?

To avoid documenting any potential risks or costs associated with the project.

To ensure that the technology is the most expensive option available.

To bypass the need for stakeholder approval and expedite implementation.

To justify the investment by demonstrating potential benefits and alignment with organizational goals.

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Verified step by step guidance

Understand the concept of a business case: A business case is a document or argument that outlines the justification for a project or investment, including its benefits, costs, risks, and alignment with organizational goals.

Recognize the importance of justification: Developing a business case helps ensure that the investment in new technology is supported by evidence of its potential benefits, such as improved efficiency, better decision-making, or enhanced customer engagement.

Identify alignment with organizational goals: A business case demonstrates how the new technology aligns with the organization's strategic objectives, ensuring that resources are allocated effectively and the project contributes to overall success.

Evaluate risks and costs: A well-developed business case includes an analysis of potential risks and costs associated with the project, helping stakeholders make informed decisions and plan for contingencies.

Secure stakeholder approval: By presenting a clear and compelling business case, organizations can gain the support of stakeholders, ensuring that the project is implemented with their backing and collaboration.