Accounting Foundations [Released: 5/27/2025]
.MP4, AVC, 1280x720, 30 fps | English, AAC, 2 Ch | 3h 1m | 549 MB
Instructors: Jim Stice, Earl Stice
.MP4, AVC, 1280x720, 30 fps | English, AAC, 2 Ch | 3h 1m | 549 MB
Instructors: Jim Stice, Earl Stice
In this course, accounting professors Earl Stice and Jim Stice dive into the fundamentals of accounting and its significance in both business and personal finance. Learn how to use financial reports like balance sheets, income statements, and statements of cash flows. Explore managerial accounting, including cost computations, break-even analysis, and performance evaluations. Understand the principles and practices of income tax accounting, including compliance and tax planning strategies to legally minimize tax burdens.
Learn about the current trends in ESG (Environmental, Social, Governance) reporting and the importance of ethical and transparent business practices. Solidify your learning through practical examples and case studies from companies like Walmart, Amazon, and Saudi Aramco. By the end of the course, you will have a thorough understanding of accounting foundations and will be equipped to use this knowledge effectively in various professional and personal settings.
Learning objectives
- Differentiate between the four kinds of accounting: bookkeeping, financial accounting, managerial accounting, and income tax accounting.
- Explain the use of financial statements.
- Describe the three items that make up the accounting equation: assets, liabilities, and equity.
- Identify the items listed on a balance sheet.
- Compute earnings per share.
- Differentiate between tax credits and tax deductions.