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 wise way to track investment performance?

Ignore transaction costs and fees when evaluating returns.

Track only the total amount invested, not the returns generated.

Regularly compare your portfolio returns to a relevant market benchmark.

Rely solely on short-term price fluctuations to assess performance.

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Verified step by step guidance

Understand the importance of tracking investment performance: Investment performance tracking helps investors evaluate how well their portfolio is performing relative to their financial goals and market conditions.

Identify the key factors to consider: When tracking performance, it is essential to account for transaction costs, fees, and the returns generated by the portfolio. Ignoring these factors can lead to an inaccurate assessment.

Learn about market benchmarks: A market benchmark is a standard or index (e.g., S&P 500) used to compare the performance of a portfolio. Comparing your portfolio returns to a relevant benchmark helps determine whether your investments are outperforming or underperforming the market.

Avoid common pitfalls: Relying solely on short-term price fluctuations or ignoring transaction costs and fees can lead to poor decision-making. Instead, focus on long-term trends and comprehensive performance metrics.

Adopt best practices: Regularly compare your portfolio returns to a relevant market benchmark to ensure your investments align with your financial goals and market expectations. This approach provides a clear and objective measure of performance.