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 type of accounting is primarily concerned with recording and reporting business activities that involve the exchange of goods and services through electronic communication?

Governmental Accounting

E-commerce Accounting

Forensic Accounting

Cost Accounting

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Verified step by step guidance

Understand the question: The problem is asking about the type of accounting that focuses on recording and reporting business activities involving the exchange of goods and services through electronic communication.

Review the options provided: The options are Governmental Accounting, E-commerce Accounting, Forensic Accounting, and Cost Accounting.

Analyze each option: Governmental Accounting deals with public sector finances, Forensic Accounting involves investigating financial fraud, and Cost Accounting focuses on tracking and managing costs within a business. None of these directly relate to electronic communication.

Focus on E-commerce Accounting: This type of accounting specifically addresses the financial activities and reporting for businesses that operate online or use electronic communication for transactions.

Conclude that E-commerce Accounting is the correct answer because it aligns with the description of recording and reporting business activities involving electronic communication.