Financial Accounting Part 2

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  • Course details

    While their products and services may differ wildly, successful companies have at least one thing in common: they're savvy with a financial report. Financial statements and reports allow accounting and finance professionals to peer into the inner workings of their organization, pinpointing key areas of risk before they evolve into issues that steer the company off course. In this course—the second installment in the Financial Accounting series—accounting professors Jim and Kay Stice take a deeper dive into the world of financial accounting. Jim and Kay discuss financial ratio analysis, cash flow analysis, forecasting financial statements, business valuation, and more. To wrap up the course, they use the different models covered in the course to estimate the value of McDonalds.

    Instructors

    • Click here to view Jim Stice’s instructor page

      Jim Stice

      LinkedIn Learning Instructor at LinkedIn

      • Jim Stice is a professor of accounting at BYU.

        James D. Stice, PhD, is the Distinguished Teaching Professor of Accounting in the School of Accountancy at Brigham Young University (BYU). He teaches business and accounting to university students and to business professionals around the world. Professor Stice has been at BYU since 1988. He has co-authored three accounting textbooks and published numerous professional and academic articles. In addition, Professor Stice has been involved in executive education for Ernst & Young, Bank of America Corporation, International Business Machines Corporation, RSM, and AngloGold Limited and has taught at INSEAD (in both France and Singapore) and CEIBS (in China). He has been recognized for teaching excellence by his department, his college, and the university. Professor Stice currently serves on the audit committee of Deseret Management Corporation and served on the board of directors of a publicly traded company until it was taken private.

        Professor Jim Stice received a PhD from the University of Washington as well as master's and bachelor's degrees from BYU, all in accounting.
    • Click here to view Kay Stice’s instructor page

      Kay Stice

      Professor of Accounting at Brigham Young University

      • Earl Kay Stice is the PricewaterhouseCoopers Professor of Accounting at the BYU Marriott School of Management.

        He has been on the full-time faculty at Rice University, the University of Arizona, and the Hong Kong University of Science and Technology (HKUST). He has also been an Executive MBA lecturer at HKUST, SKOLKOVO (Moscow School of Management), China Europe International Business School (CEIBS), the University of Illinois (US), and INSEAD (Singapore and Paris). Professor Kay Stice has received awards for high-quality teaching at Arizona, Rice, and Brigham Young University, and he was twice selected as one of the top ten lecturers at HKUST.

        Professor Stice has been engaged in executive training and corporate training in the United States, Hong Kong, China, Russia, Malaysia, and South Africa. He has also been an expert witness in major cases involving compensation for losses and tax disputes.

        Professor Stice received his bachelor's and master's degrees in accounting from Brigham Young University and completed his PhD at Cornell University (US).

    Skills covered in this course

  • Financial analysis, cash flow analysis, and valuation

    - Hi I'm Jim Stice, I'm a professor of accounting at Brigham Young University, this is my brother Kay. - I am also a professor of accounting at Brigham Young University, we are an accounting family. - Absolutely, we love numbers, we love financial statements, and we love using financial reports to gain insights into how companies work. - This course introduces you to the methods of financial ratio analysis that allow you to use a company's financial reports to identify the company's strengths and weaknesses. - [Jim] You can use a company's financial reports to identify areas for improvement as well as areas of risk. - [Kay] Financial ratio analysis is the process of using the relationships among a company's financial numbers to gain insights into that company's operations. - Now in this course, we also address the important topic of cash flow analysis. - Many good businesses have died a premature death because they didn't properly manage their cash flow. - Loans, employees, suppliers,…

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