Overview
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In this series, accounting professors Jim and Kay Stice break down essential accounting and finance concepts into bite-sized chunks that are easy to understand.
Syllabus
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Introduction
- Introduction to the weekly series
- Overview of the balance sheet
- Limitations of the balance sheet
- Accrual accounting
- Income statement
- How to common-size the income statement
- Financial statement ratios
- The DuPont framework and return on equity
- Debits and credits
- Understand a company's operating cycle
- How to compute days' purchases in payables
- The current ratio and liquidity
- Leverage ratios
- When to capitalize or expense costs
- Timing of revenue recognition
- The statement of cash flows
- Earnings management
- What is depreciation?
- Forecasting financial statements
- Dividends and stock buybacks
- Loan payments: Understand interest and principal
- Price maker or price taker and the impact of overhead costs
- Activity-based costing (ABC) and overhead
- Cost-volume-profit analysis
- Contribution margin and the sales mix of products
- Save early, save often
- Take the 401(k) match
- Making extra payments
- Low introductory interest rates
- LIFO, FIFO, and FISH
- Different depreciation methods
- Capital asset pricing model (CAPM)
- Sarbanes-Oxley and internal controls
- What is a derivative?
- Accounting for gift cards
- What is beta?
- What is an IPO?
- Components of a compensation package
- Impairment
- Earnings per share
- Calculate a car payment
- Deferred taxes
- Foreign currency transactions
- What do auditors do?
- Steps in creating a personal budget
- Pensions
- Obtaining financial information
- Internal controls
- Standards and variances
- What is corporate governance?
