Finance and Accounting Tips (2018)

3h 56mBeginner2018-06-18

Authors

Jim Stice

Professor of Accounting at BYU

Kay Stice

Professor of Accounting at the BYU Marriott School of Management

Course details

Are you curious about the financial details of big companies like Walmart and Boeing, but shy away from further investigation because you don't consider yourself a numbers person? In this series, accounting professors Jim and Kay Stice—who have been exploring financial information for a combined 60 years—break down essential accounting and finance concepts into manageable, bite-sized chunks. They help you understand the balance sheet, debits and credits, company operating cycles, and more. In addition, they explain where to find accounting information in the real world, and what to do with it once you have it.

Skills covered

Personal FinanceAccounting SkillsCorporate FinanceFinance and AccountingProfessional Development

Concepts

0. Introduction

01 - Introduction to the weekly series

1. Finance & Accounting Tips

02 - Overview of the balance sheet
03 - Limitations of the balance sheet
04 - Accrual accounting
05 - Income statement
06 - How to common-size the income statement
07 - Financial statement ratios
08 - The DuPont framework and return on equity
09 - Debits and credits
10 - Understand a company's operating cycle
11 - How to compute days' purchases in payables
12 - The current ratio and liquidity
13 - Leverage ratios
14 - When to capitalize or expense costs
15 - Timing of revenue recognition
16 - The statement of cash flows
17 - Earnings management
18 - What is depreciation
19 - Forecasting financial statements
20 - Dividends and stock buybacks
21 - Loan payments - Understand interest and principal
22 - Price maker or price taker and the impact of overhead costs
23 - Activity-based costing (ABC) and overhead
24 - Cost-volume-profit analysis
25 - Contribution margin and the sales mix of products
26 - Save early, save often
27 - Take the 401(k) match
28 - Making extra payments
29 - Low introductory interest rates
30 - LIFO, FIFO, and FISH
31 - Different depreciation methods
32 - Capital asset pricing model (CAPM)
33 - Sarbanes-Oxley and internal controls
34 - What is a derivative
35 - Accounting for gift cards
36 - What is beta
37 - What is an IPO
38 - Components of a compensation package
39 - Impairment
40 - Earnings per share
41 - Calculate a car payment
42 - Deferred taxes
43 - Foreign currency transactions
44 - What do auditors do
45 - Steps in creating a personal budget
46 - Pensions
47 - Obtaining financial information
48 - Internal controls
49 - Standards and variances
50 - What is corporate governance