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 of the following is the best example of technology impacting financial services?

The use of blockchain for secure and transparent financial transactions

Hiring additional accountants to process payroll by hand

Relying solely on face-to-face meetings for client consultations

Manual preparation of financial statements using paper ledgers

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Verified step by step guidance

Understand the question: The problem is asking for the best example of technology impacting financial services. This means identifying the option that demonstrates the use of technology to improve or transform financial processes.

Analyze the options: Review each option to determine whether it involves the use of technology and how it impacts financial services.

Option 1: 'The use of blockchain for secure and transparent financial transactions' - Blockchain is a modern technology that enhances security and transparency in financial transactions, making it a strong candidate.

Option 2: 'Hiring additional accountants to process payroll by hand' - This does not involve technology; it relies on manual labor, so it is not an example of technology impacting financial services.

Option 3: 'Relying solely on face-to-face meetings for client consultations' and Option 4: 'Manual preparation of financial statements using paper ledgers' - Both of these options involve traditional, non-technological methods, so they do not demonstrate the impact of technology on financial services.