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 three main subjects is the financial manager primarily concerned with in the context of financial accounting?

Inventory management, payroll processing, and internal controls

Financial reporting, managerial accounting, and forensic accounting

Tax planning, auditing, and cost allocation

Capital budgeting, capital structure, and working capital management

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Verified step by step guidance

Understand the role of a financial manager in the context of financial accounting. A financial manager is primarily concerned with making decisions that impact the financial health and operations of a business.

Identify the three main areas of focus for a financial manager: capital budgeting, capital structure, and working capital management. These areas are critical for ensuring the efficient allocation and management of financial resources.

Capital budgeting involves evaluating and selecting long-term investment opportunities. This includes analyzing potential projects or investments to determine their profitability and alignment with the company's strategic goals.

Capital structure refers to the mix of debt and equity financing used by a company to fund its operations and growth. The financial manager must decide on the optimal balance between debt and equity to minimize the cost of capital while maintaining financial stability.

Working capital management focuses on managing the company's short-term assets and liabilities to ensure sufficient liquidity for day-to-day operations. This includes managing cash, accounts receivable, accounts payable, and inventory efficiently.