Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

LinkedIn Learning

Accounting Foundations

via LinkedIn Learning


Learn accounting. Get an introduction to the four basic types: financial accounting, managerial accounting, income tax accounting, and bookkeeping.


  • The importance of accounting
  • What you should know
1. What Is Accounting?
  • The four flavors of accounting
  • Bookkeeping
  • Financial accounting
  • Managerial accounting
  • Income taxes
2. Financial Accounting: Balance Sheet
  • Who uses financial statements?
  • The accounting equation
  • Assets
  • Liabilities
  • Equity
  • Balance sheet example: Walmart assets
  • Balance sheet example: Walmart liabilities and equity
  • Limitations of the balance sheet
3. Financial Accounting: Income Statement and Cash Flow
  • The balance sheet and the income statement
  • Overview of the income statement
  • Earnings per share
  • Income statement example: Walmart revenues
  • Income statement example: Walmart expenses
  • Overview of the cash flow statement
  • Cash flow example
  • Summary of financial reporting
4. Managerial Accounting
  • DuPont and managerial accounting
  • A closer look at managerial accounting
  • Product costing: Materials and labor
  • Product costing: Overhead
  • Break-even analysis: Computations
  • Break-even analysis: Interpretation and use
  • Budgets: Realistic benchmarks
  • Budgets: Solving problems in advance
  • Performance evaluation example: Drilling contest
  • Performance evaluation example: Optometrist
  • Performance evaluation example: Stice boys
5. Income Taxes
  • The history of income taxes
  • Tax brackets
  • Average and marginal tax rates
  • Tax deductions and credits
  • Capital gains vs. ordinary income
  • Income tax summary
  • Conclusion

Taught by

Jim Stice and Earl Stice


4.8 rating at LinkedIn Learning based on 4388 ratings

Start your review of Accounting Foundations

Never Stop Learning.

Get personalized course recommendations, track subjects and courses with reminders, and more.

Someone learning on their laptop while sitting on the floor.