Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (2024)

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Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (2) Preview

With Jim Stice and Earl Stice Liked by 15,962 users

Duration: 3h 28m Skill level: Beginner + Intermediate Released: 12/21/2018

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Course details

Anyone who needs to interpret financial statements or communicate financial results needs a solid understanding of financial accounting. This comprehensive, self-contained training course is designed to give business professionals—including managers, analysts, and entrepreneurs—the confidence they need to use financial data to drive strategic decision-making. Professors Jim Stice and Kay Stice use actual reports from real-world companies like Microsoft and Walmart to drive home ideas such as the difference between net income and cash flow and why the credits and debits system is so important to everyday accounting. They help you understand assets and liabilities; interpret balance sheets, income statements, and statement of cash flows; evaluate and adjust journal entries; and prepare your own financial statements. This is an MBA-level course, layered with case studies and insights that will help you bridge the gap between the academics of accounting and its real-world application.

Stay tuned for Part 2 of the training series, which covers ratio analysis, forecasting, and business valuation.

Skills you’ll gain

  • Financial Accounting

Earn a sharable certificate

Share what you’ve learned, and be a standout professional in your desired industry with a certificate showcasing your knowledge gained from the course.

Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (3)

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Certificate of Completion

  • Showcase on your LinkedIn profile under “Licenses and Certificate” section

  • Download or print out as PDF to share with others

  • Share as image online to demonstrate your skill

Meet the instructors

  • Jim Stice Accounting Professor at Brigham Young University + LinkedIn Learning Instructor at LinkedIn
  • Earl Stice Emeritus Professor of Accounting at Brigham Young University + LinkedIn Learning Instructor

Learner reviews

4.8 out of 5

The overall rating is calculated using the average of submitted ratings. Ratings and reviews can only be submitted when non-anonymous learners complete at least 40% of the course. This helps us avoid fake reviews and spam.

  • Current value: 3,880 82%
  • Current value: 659 14%
  • Current value: 115 2%
  • Current value: 6 <1%
  • Current value: 20 <1%
  • Madalina A. Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (6)

    Madalina A.

    Interior Designer

    5/5 March 28, 2024

    the instructors are engaging and and the content is presented in a way that makes it easy to understand.

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  • Tammie Wright Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (7)

    Tammie Wright

    Wing Administrator/Wing Banker at New Mexico Civil Air Patrol

    5/5 March 27, 2024

    Great Video!

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  • César Noya Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (8)

    César Noya

    Client Portfolio Specialist

    5/5 March 16, 2024

    Excellent review for an upcoming interview. Thanks.

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Contents

    • Key topics in accounting 1m
    • Clay tokens, sheep, and the Italians 2m 6s
    • Basic equation 3m 17s
    • Expanded accounting equation: SCF 2m 10s
    • Expanded accounting equation: IS 2m 47s
    • Assets: Planes, trains, and automobiles 2m 18s
    • Definition of an asset 4m 26s
    • Types of assets: Current 3m 50s
    • Types of assets: Long-term 4m 37s
    • Obligations to suppliers, employees, governments, and customers 3m 13s
    • Definition of a liability 3m 48s
    • Types of liabilities: Current 4m 2s
    • Types of liabilities: Long-term 4m 5s
    • Contingent liabilities 4m 13s
    • Owners' equity: Paid-in capital and retained earnings 2m 6s
    • Definition of equity 4m 8s
    • Book value vs. net worth 3m 33s
    • Other components of owners' equity 4m 20s
    • Financial statements: Balance sheet for Walmart 2m 55s
    • Where financial statements come from 3m 46s
    • The Microsoft balance sheet 4m
    • Notes from Microsoft on the balance sheet 4m 43s
    • Limitations of the balance sheet 4m 8s
    • The balance sheet vs. the income statement 2m 6s
    • Evaluating an income statement 4m 40s
    • Components of the income statement 4m 4s
    • Revenues, expenses, gains, and losses 3m
    • Earnings per share 4m 21s
    • The Walmart income statement 4m 37s
    • What makes a business a cash cow? 1m 50s
    • Statement of cash flows 2m 49s
    • Statement of cash flows: Examples 3m 52s
    • The importance of routine bookkeeping 3m 41s
    • Transaction analysis 3m 43s
    • Impact of events on assets and liabilities 3m 5s
    • Reporting assets and liabilities on the balance sheet 4m 17s
    • The expanded accounting equation 4m 17s
    • Impact of events on revenues and expenses 4m 2s
    • Revenues and expenses with the expanded accounting equation 5m 18s
    • Recapping the balance sheet and expanded accounting equation 4m 55s
    • The accuracy of debits and credits in the days of real “books” 3m 19s
    • Debits and credits 4m 45s
    • Understanding journal entries 5m 25s
    • Preparing a journal entry 4m 53s
    • Impacts of journal entry on accounts 4m 41s
    • T-accounts and posting 3m 29s
    • Trial balance: The raw material for financial statements 2m 21s
    • The market value of accounting adjustments 1m 57s
    • Net income vs. cash flow 5m 9s
    • Four general types of adjustments 4m 13s
    • Adjusting journal entries 4m 9s
    • Classifying adjusting journal entries 2m 51s
    • Adjusting journal entries and the balance sheet 3m 1s
    • Computing retained earnings account after adjusting journal entries 4m 12s
    • Closing revenue, expense, and dividend accounts 3m 20s
    • Making the financial statements 4m 52s
    • Next steps 1m 34s

What’s included

  • Practice while you learn 1 exercise file
  • Test your knowledge 10 quizzes
  • Learn on the go Access on tablet and phone
  • Stay up to date Continuing Education Units

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Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (12) Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (13)

Financial Accounting Part 1 Online Class | LinkedIn Learning, formerly Lynda.com (2024)
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