1. Introduction to Accounting

As a financial manager working in GFEBS (General Fund Enterprise Business System), which of the following is your primary responsibility?

How does following the Five Foundations help you start your financial future off right?

Why is it generally beneficial to deposit your money in a financial institution?

Which of the following is a common reason someone might need to visit a financial institution branch in person?

Forten Company is a merchandiser. Which of the following best describes the primary activity of a merchandising company?

When should you select settings and customizations for your company file in a financial accounting software?

A company's inventory records report the following purchases during the year: 100 units at $10 each, 150 units at $12 each, and 200 units at $15 each. If the company uses the FIFO (First-In, First-Out) method and sells 300 units, what is the cost of goods sold (COGS)?

You received $200 from your grandma for your birthday. According to sound financial-accounting principles, what should you do first?

Which of the following is most important for future financial managers to understand in order to make effective business decisions?

When setting up title sheets for financial statements, which of the following elements should always be included?

Which of the following is the first step in the financial planning process?

Hemming Company reported the following: Sales revenue of \$120,000, Cost of goods sold of \$70,000, and Operating expenses of \$30,000. What is Hemming Company's net income?