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.
Instructors
Jim SticeLinkedIn Learning Instructor at LinkedInJim 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.
Introduction to the weekly series
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– Did you know that on September 30th, 2016, Microsoft had almost $137 billion in cash and short-term investments? – I actually knew that. – Did you know that on January 31st, 2016, Walmart let the world know that its total revenue for the previous fiscal year was over $482 billion? – [Kay] Yeah, I did know that. Did you know that the Bank of America had on December 31st, 2015 over $2.1 trillion in total assets? – Now, how do we know this top secret information about companies? It turns out that all this information and more is readily available about companies if you know where to look. Now, did you know that Microsoft waits about 77 days on average to collect monies from customers that owe it? – [Kay] I knew that. Now, did you know that Walmart’s inventory, the items that people go to Walmart to buy, the stuff that sits on the shelves, it sits on those shelves in a Walmart on average about 45 days before it’s purchased by you and me? – [Jim] I did know that. Did you know that…