Business, Business, Economics & Finance, Business, Business
Learn about external financial statements, internal managerial accounting reports, income tax systems and how they interact in business decision-making. Brothers and professors of accounting at Brigham Young University Jim and Kay Stice review the accounting equation, the three primary financial statements, how to use accounting to aid decision making, and how income taxes figure into business and personal decisions. They use real-world example data from Walmart and other business so you can see how numbers drive everything from wages and product costs to home budgets.
What is accounting?
Working with balance sheets and income statements
Determining the costs of products
Performing break-even analysis
Determining average and marginal tax rates
Understanding tax deductions and credits