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

All of the following would show up on a credit report except:

Payment history on credit cards

Number of credit inquiries

Outstanding loan balances

Salary information from your employer

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Understand the purpose of a credit report: A credit report is a detailed record of an individual's credit history, used by lenders to assess creditworthiness. It includes information about debts, payment history, and credit inquiries.

Review the components typically included in a credit report: These include payment history, outstanding loan balances, number of credit inquiries, and other financial data related to credit accounts.

Identify the item that does not belong: Salary information from your employer is not included in a credit report because it is not directly related to your credit history or financial obligations.

Clarify why salary information is excluded: Credit reports focus on financial behavior and obligations, not personal income. Lenders may ask for income details separately during the loan application process, but this information is not part of the credit report.

Conclude that salary information is the correct answer: It is the only item listed that does not appear on a credit report, as it is unrelated to the individual's credit history.