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

Which of the following is a key financial issue involved with starting a business?

Choosing a company logo

Hiring a marketing consultant

Securing initial funding and managing cash flow

Selecting office furniture

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Understand the financial issues involved in starting a business. Financial Accounting focuses on the management of resources, particularly cash flow and funding, which are critical for the survival and growth of a business.

Recognize that securing initial funding is essential. This involves identifying sources of capital, such as loans, investors, or personal savings, to cover startup costs and operational expenses.

Learn about managing cash flow. Cash flow management ensures that the business has enough liquidity to meet its obligations, such as paying suppliers, employees, and other expenses, while maintaining operations.

Differentiate between financial and non-financial considerations. While choosing a company logo, hiring a marketing consultant, and selecting office furniture are important, they are not directly related to the financial accounting aspects of starting a business.

Focus on the correct answer: Securing initial funding and managing cash flow. These are key financial issues that require careful planning and monitoring to ensure the business's financial health and sustainability.