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- Struggle with understanding the purpose of accounting, external and internal users and uses of accounting, the importance of ethics in accounting or any other introductory accounting topic
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- Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.
- Describe how accounting is related to business.
- Understand the internal and external uses of accounting.
- Discuss the generally accepted accounting principles (GAAP).
- Explain the importance of ethics in accounting.
- Describe the role of technology in accounting.
1. What Is Accounting? - Purpose, Importance & Relationship to Business
Just as French is considered the language of love, accounting is considered the language of business. In this lesson, you will learn exactly what accounting is. You will also learn the purpose of accounting, why it is important, and how it relates to the business world.
2. External and Internal Users and Uses of Accounting
Accounting has many uses. In this lesson, you will learn not only who accounting users are but also what types of accounting information is used. You will also learn the uses of that accounting information.
3. What Is GAAP? - The Generally Accepted Accounting Principles
Rules and regulations are a part of life for everyone, including those in the accounting industry. In this lesson, you will learn about GAAP standards, what they mean to accounting, and who establishes them.
4. The Importance of Ethics in Accounting
Ethics - are they really important in accounting? In this lesson, we will discuss what ethics are and what role they play in accounting; we'll also review a case that is deeply rooted in ethics. In the end, we will decide whether or not ethics are important in accounting.
5. Technology in Accounting: The Growing Role of Technology in Accounting
Change and technology go hand in hand, especially in the accounting industry. In this lesson, we will take a walk back in time and discuss some of the technological advances in accounting through the years. We will also discuss how these changes have affected the accounting process.
6. Budget Constraints: Definition & Formula
Budget constraints limit consumer choices based on the amount of income they have to spend. In this lesson, you will learn how to determine budget constraints using a formula, as well as how to graph them.
7. What is Renminbi (RMB)? - Definition & History
After reading this lesson, you'll now what the Renminbi is, where it is used, and how it has changed over the years. You'll see it go from a currency that the international world disregarded to one that can now compete.
8. What is a Tontine? - Definition & Legality
In this lesson, we will define the concept of the investment product known as a tontine and discuss the changing nature of its legality in the United States.
9. What are Speculative Stocks?
In this lesson we will define what speculative stocks are and explore how these companies offer an opportunity for unusually high returns on the initial investment along with higher risks.
10. What is Bank Fraud? - Definition & Prevention
In this lesson, we will address and define what bank fraud is and how it occurs. Additionally, the multiple types of bank fraud and methods to prevent it from happening will be discussed.
11. What is an Economic Moat?
What do you think of when you think of your favorite brand? Did you know that when a company has created a brand that people feel loyal to, they have created what is called an economic moat? Learn about these moats in this lesson.
12. What is an Equity-Indexed Annuity?
In this lesson, we will define what an equity-indexed annuity is and the formulas used to calculate interest earned. It's important to look at all aspects when deciding on which type of investment is right for you.f
13. What is a Eurobond?
In this lesson we will look at what Eurobonds are and how they differ from regular bonds. We will also go over a few of the advantages they offer to issuers and investors.
14. Liquidating Dividend: Definition & Example
Shareholders expect to receive dividends from companies in whom they own shares and there are many different types of dividends. In this lesson, you will learn about liquidating dividends.
15. What is Market Manipulation?
In this lesson, we will discuss individuals who knowingly attempt to influence the market using false or misleading information about the price of securities or commodities. This is known as market manipulation.
16. What is a Market Survey?
In this lesson, you'll learn the definition of a market survey, how it is used in everyday business, and how to create and deliver one for your own business.
17. Book Value vs. Market Value
In this lesson, you will learn what book value means, what the market value means, an example of how each is used, and how it can be incorporated in every day life.
18. What is Momentum Investing?
In this lesson, you will learn what the momentum investing strategy is, how this strategy works, the benefits and negatives of its use, and other important factors to keep in mind.
19. What is Value Investing?
In this lesson, you will learn what the value investing strategy is, how it is calculated, an alternate method of value investing, and factors to consider when utilizing this strategy.
20. What is Growth Investing?
In this lesson, you will learn how the growth investing strategy works, how it differs from the value investing strategy, and the risk associated with it.
21. What is a Passive Investment? - Definition & Strategies
Read this lesson to learn how passive investing can sometimes lead to better returns, if you use the right strategies. Learn how to move your money around for the best results.
22. Portfolio Turnover: Definition & Calculation
In this lesson, you will learn what portfolio turnover is, why it is important to understand when it comes to investing, and how it can inform your decisions.
23. Sovereign Default: Definition & Consequences
In this lesson, you will learn about sovereign defaults. You'll learn the general definition and consequences of sovereign defaults and also see a few recent examples.
24. Closed-End Fund (CEF) vs. Exchange-Traded Fund (ETF)
The investment landscape today offers many different choices for investors. Among the most popular are the closed-end fund and the exchange-traded fund. This lesson details the similarities and the differences between these two investment choices.
25. The Principal-Agent Problem: Definition & Solutions
This lesson will define the principal-agent problem and the characteristics that cause the problem. We'll also explore a few solutions to minimize its impact.
26. Time Period Assumption in Accounting: Definition & Examples
Business owners need information to make decisions about their business on a regular basis. In this lesson, you will learn about the time period assumption in accounting.
27. What is the Full Disclosure Principle in Accounting? - Definition & Application
In this lesson, we'll define the full disclosure principle. You'll also learn when it's applied and who benefits from disclosing material events and financial line items.
28. Theory of Constraints Accounting: Definition & Examples
In this lesson, you will learn more about the theory of constraints in accounting. What is a constraint? How should it be managed? How does the theory of constraint relate to throughput accounting? These will all be explained in the lesson.
29. What is Allowance in Accounting?
In this lesson, you will learn how the accounting profession defines the term allowance. You will also learn about common allowances used on financial statements and the two cornerstones of generally accepted accounting principles.
30. Bond Certificate: Definition, Format & Example
For many years, bond certificates were issued to investors who purchased bearer bonds in the United States. This lesson will explore the financial history of bearer bonds and why they have been replaced with registered bonds today.
31. Historical Cost Concept: Definition & Examples
In this lesson, you will learn about the historical cost concept, look at examples of its application, and familiarize yourself with arguments for and against its use in accounting.
32. Historical Cost Concept: Advantages & Disadvantages
The historical cost concept is a basic accounting concept. Read on to know more about the advantages and disadvantages of the historical cost concept in accounting.
33. What is Idle Time in Cost Accounting?
In this lesson, you'll be more acquainted with the concept of idle time, two types of idle time, the accounting treatment of idle time, as well as the causes of and the ways to reduce idle time.
34. Accounting Research Paper Topics
Accounting is an incredibly complex and diverse field that is constantly evolving. Use these research paper topics to help students investigate and write about the field of accounting.
35. Personal Finance Preview
Thinking of taking Finance 102: Personal Finance? Check out the following videos to get a sense of what you can expect from the course.
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Other chapters within the Financial Accounting: Tutoring Solution course
- Financial Statements in Accounting: Tutoring Solution
- Mechanics of the Accounting Cycle: Tutoring Solution
- Adjusting Accounts and Preparing Financial Statements: Tutoring Solution
- Internal Controls in Accounting: Tutoring Solution
- Merchandising Operations and Inventory in Accounting: Tutoring Solution
- Current and Long-Term Liabilities in Accounting: Tutoring Solution