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

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Property tax, inheritance tax, estate tax, and gift tax are all examples of which type of accounting?

Financial accounting

Tax accounting

Managerial accounting

Cost accounting

Previous problemNext problem

Verified step by step guidance

Understand the types of accounting mentioned in the problem: Financial accounting, Tax accounting, Managerial accounting, and Cost accounting.

Recognize that the question is asking about specific types of taxes: property tax, inheritance tax, estate tax, and gift tax.

Recall that Tax accounting deals with the preparation, analysis, and presentation of tax payments and compliance with tax laws, which includes taxes like property tax, inheritance tax, estate tax, and gift tax.

Differentiate Tax accounting from other types of accounting: Financial accounting focuses on external reporting, Managerial accounting focuses on internal decision-making, and Cost accounting focuses on cost analysis and control.

Conclude that the correct type of accounting for the given taxes is Tax accounting, as it directly relates to tax-related matters.