Finance and Accounting Tips
2h 1mGeneral2024-08-21
Authors

Jim Stice
Professor of Accounting at BYU

Kay Stice
Professor of Accounting at the BYU Marriott School of Management
Course details
For many people who aren’t involved in accounting or finance, just hearing terms like “cost-volume-profit analysis,” “derivatives,” “accrual accounting,” and “cryptocurrency,” makes them either nervous, confused, or lost. But even if you think you’re not a “numbers person,” you can understand these and other seemingly-sophisticated terms dealing with finance and accounting. In this course, accounting professors Kay and Jim Stice cover the terms and concepts common in the world of business numbers. Kay and Jim explain the meaning of many current buzzwords in business that, once you’re familiar with them, will allow you to participate in conversations involving finance and accounting matters.
If you’re not directly involved with the numbers side of your business but are looking to become familiar with terms you’ve heard but don’t totally grasp, check out this course to become more conversant in the language of business.
If you’re not directly involved with the numbers side of your business but are looking to become familiar with terms you’ve heard but don’t totally grasp, check out this course to become more conversant in the language of business.
Skills covered
Accounting SkillsFinance and AccountingLearning
Concepts
0. Introduction
- 01 - Become part of the numbers discussion
1. Advances in Financial Technology
- 02 - What is fintech
- 03 - What is blockchain
- 04 - What is cryptocurrency
- 05 - Big data - Volume, velocity, and variety
- 06 - What is a derivative
2. Corporate Responsibility
- 07 - ESG - Environmental, social, and governance
- 08 - What is corporate governance
- 09 - Shareholder activism
3. Personal Finance
- 10 - Tax deductions and tax credits
- 11 - How do you get that next opportunity
- 12 - Second jobs and the gig economy
- 13 - Investing in yourself - Education and certifications
- 14 - Take the 401(k) match
- 15 - Making extra payments
4. Financial Statements
- 16 - Overview and limitations of the balance sheet
- 17 - Accrual accounting
- 18 - Income statement
- 19 - Statement of cash flows
- 20 - Debits and credits
5. Business Analysis
- 21 - Financial statement ratios
- 22 - The DuPont framework and return on equity
- 23 - Understand a company's operating cycle
- 24 - Cost-volume-profit analysis
- 25 - What do auditors do
Conclusion
- 26 - Next steps
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