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Provo, Utah, United States
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Courses by Jim
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Financial Modeling and Forecasting Financial Statements (2019)1h 53m
Financial Modeling and Forecasting Financial Statements (2019)
By: Jim Stice
Activity
52K followers
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Jim Stice shared thisHow can AI impact Financial Statement Analysis (FSA)? My brother Kay has posted a link so that you can look at our updated Corporate Financial Statement Analysis course... for free! Have you wondered how artificial intelligence can impact FSA? We have. Take a look at the AI modules in this updated course.Jim Stice shared thisHow can AI impact Financial Statement Analysis (FSA)? My brother Jim and I have updated our Corporate Financial Statement Analysis course in LinkedIn Learning. We have added spreadsheet walk-through exercises as well as insights into how artificial intelligence can impact FSA. I have made the course available for free to you with the link below. #financialstatementanalysis
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Jim Stice shared thisMy brother Kay has posted a link so that you can look at our updated Financial Modeling and Forecasting course... for free! Have you wondered how artificial intelligence can impact financial forecasting? We have. Take a look at the AI modules in this updated course.Jim Stice shared thisMy brother Jim and I have updated our Financial Modeling and Forecasting course in LinkedIn Learning. We have added spreadsheet walk-through exercises as well as insights into how artificial intelligence is impacting financial forecasting. Check this out on LinkedIn Learning! I have made it free for you with the link below. #financialforecasting #financialmodeling
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Jim Stice shared thisMy brother and I were talking about personal budgeting a couple of days ago. Here is a little clip that illustrates the point that we budget and save, not to accumulate a pile of gold, but to have resources available to be able to spend to build a lifetime memory. Go Dodgers!!! Jacob Cunningham Los Angeles Dodgers
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Jim Stice posted thisBobby Bonilla, the Mets, and Bernie Madoff - July 1, 2025 Among fans of professional baseball, July 1 is known as “Bobby Bonilla Day.” Each year, on July 1 the New York Mets pay Bobby Bonilla $1,193,248.20… even though he last played for the team over 20 years ago. In the late 1980s, Bobby Bonilla, along with his teammate Barry Bonds, formed the nucleus of an impressive offense for the Pittsburgh Pirates -- Bonds and Bonilla were known as the Killer B’s. Bobby Bonilla leveraged this success with the Pirates to sign a free agent contract with the New York Mets. His $6.1 million salary in 1992 was the highest in the league by more than $2 million. Bobby Bonilla’s production in New York wasn’t what it had been in Pittsburgh, and over the next 7 years he bounced from one team to another: to the Orioles, then the Marlins, then the Dodgers, and finally back to the Mets for the 1999 season. Mr. Bonilla then signed a 2-year contract with the Mets, his second Mets contract. After one year, his production was poor enough that the Mets didn’t want him back … even though they still owed him $5.9 million whether he played for them or not. So, the Mets released Bobby Bonilla… and then the negotiating began. Mr. Bonilla’s agent had experience in the insurance industry, so he negotiated a deferred payment buyout contract that gives Bobby Bonilla $1.2 million on July 1 of each year from 2011 through 2035, a total of 25 payments. Now, if you add that up, the 25 payments total $29,831,205! So, Bobby Bonilla traded off the $5.9 million that he was entitled to immediately in exchange for $29,831,205 spread out for as much as 35 years in the future. The rate of return implicit in this tradeoff is 8% per year. Why were the Mets willing to guarantee such a high rate of return for Mr. Bonilla? Ahh, that is the rest of the story. The then-owner of the Mets, Fred Wilpon, was not worried about guaranteeing a return of 8% to Bobby Bonilla because he himself had found investments that guaranteed a return of 10%. Not bad… invest your money and earn 10%, pay 8% to Bobby Bonilla, and you still come out ahead 2% every year. Just one problem… Fred Wilpon was one of the overeager investors who believed the investment tales told by multi-billion dollar fraudster Bernie Madoff. Mr. Wilpon and his associates lost hundreds of millions of dollars in their bogus Bernie Madoff investments. Because of these losses, the Mets owners were strapped for cash for a number of years and so were not able to pay competitive salaries to attract great players to New York City to play for the Mets. In fact, in 2011, Bobby Bonilla was the highest-paid outfielder that the Mets had under contract… and Mr. Bonilla had been retired from baseball for 10 years. So, when July 1 comes around, tip your hat to the negotiating skills of Bobby Bonilla and his agent who turned $5.9 million into $30 million.
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Jim Stice shared thisMy brother Kay and I had a great time creating this Corporate Finance course for non-financial managers. Forward this to your non-financial friends!Jim Stice shared thisMy brother Jim and I just created this Corporate Finance (and Accounting!) Course. #corporatefinance #financialaccounting
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Jim Stice shared thisMy brother Kay posted this short article about the "worth" of an Olympic medal.Jim Stice shared thisWhat Is An Olympic Medal Worth? [Note: This is an update of a post I made during the 2022 Beijing Winter Olympics.] The Paris 2024 Summer Olympics are underway, and many dedicated athletes are seeking their life’s dream of an Olympic medal. As an accounting and finance person, I naturally wonder: What is an Olympic medal worth? Well, “worth” is a very interesting accounting word. Accountants use various definitions of “worth”: -- What does it cost to make? -- What can I sell it for? -- How much income will it allow me to generate? First, let’s do the easy one: What does it cost to make an Olympic medal? I don’t know about the cost to hire medal designers and goldsmiths and silversmiths. And in the case of the Paris 2024 medals, this cost is a bit more because the medals were designed by the luxury French jeweller Chaumet which was founded in 1780. Let’s just focus on the cost of the metal itself. For a gold medal, if the 529-gram medals were pure gold, the cost of the gold would be about $41,000. For the Paris Olympics, an Olympic “gold” medal is made of 505 grams of silver coated with 6 grams of silver. Oh, and each medal (gold, silver, and bronze) is inlaid with an 18-gram hexagon of iron from the Eiffel Tower. That gold-silver-iron combination means that the metal in a Paris Olympic gold medal costs about $950. For a silver medal (507 grams of silver and 18 grams of iron), the metal cost is about $490. And for a bronze medal, the cost of the copper, zinc, and iron is about $13. OK, now, for how much can you SELL an Olympic medal? A typical Olympic medal sells for $5,000 to $10,000. The gold medal of Mark Wells, a member of the "Miracle on Ice" 1980 U.S. ice hockey gold medal team, sold for $310,700. The record price is $1,466,574 paid in 2013 for one of the four gold medals Jesse Owens won in the 1936 Berlin Olympics. The BIGGEST potential value of an Olympic medal is in the future career that a medal-winning athlete can launch by being identified as an “Olympic Medal Winner.” Muhammad Ali went on to become the best-known boxer in the world after winning the gold medal in the light-heavyweight boxing division in the 1960 Olympics in Rome. Bruce Jenner won the gold medal for the decathlon in the 1976 Olympics in Montreal. He subsequently became a product spokesperson for Tropicana orange juice, Minolta cameras, and, most famously, Wheaties cereal. I myself have eaten Wheaties poured from a box with Bruce Jenner’s face on the front. Jenner went on to a long career in television and movies. In 2015, Jenner came out as transgender and is now Caitlyn Jenner, a noted media personality. And it all started with an Olympic gold medal. Source: https://lnkd.in/gCZnJhhR
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Jim Stice shared thisTake a look at Item #1 in Mordy Golding's post!!! My brother Kay and I had a great time making that course.Jim Stice shared thisA woman recently asked me to suggest what #linkedinlearning courses she should watch. My answer surprised her and I realized they might surprise you as well. So here are 5 courses you'd never even think to search for by 5 incredible instructors—all teaching relevant skills anyone would need. Let me know what you think—and please share your own course recommendations as well!5 LinkedIn Learning Courses You Never Thought You'd Need5 LinkedIn Learning Courses You Never Thought You'd NeedMordy Golding
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Jim Stice reposted thisJim Stice reposted thisA woman recently asked me to suggest what #linkedinlearning courses she should watch. My answer surprised her and I realized they might surprise you as well. So here are 5 courses you'd never even think to search for by 5 incredible instructors—all teaching relevant skills anyone would need. Let me know what you think—and please share your own course recommendations as well!5 LinkedIn Learning Courses You Never Thought You'd Need5 LinkedIn Learning Courses You Never Thought You'd NeedMordy Golding
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Jim Stice liked thisJim Stice liked thisThis is a personal post... My first grandchild was born yesterday. Congratulations to Bryce Lasson and Jessica Lasson for welcoming a beautiful baby boy into the world. My oldest son, Bryan Wood, and my second son, Derek have missionary related news. Bryan is returning from a mission in Argentina next week and Derek will soon after leave to Paraguay. Feel free to listen to them speak (details on photo, I can send a link for those not close by). Last week, I was asked at a conference how I can do it all (work stuff), and whether my family or other things suffer (my wording). It was a great question. For me, two things come before anything else, God and family. All my other activities are secondary to those things, and help serve those things. I'm grateful for a wife who makes it possible and enjoyable. I'm grateful for wonderful children. Life is very good and these types of moments are wonderful reminders of that.
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Jim Stice liked thisJim Stice liked thisI’m grateful to have an article written about my current art practice published by the BYU College of Fine Arts & Communications. https://lnkd.in/g3gCMTNG
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Jim Stice liked thisMy brother and I were talking about personal budgeting a couple of days ago. Here is a little clip that illustrates the point that we budget and save, not to accumulate a pile of gold, but to have resources available to be able to spend to build a lifetime memory. Go Dodgers!!! Jacob Cunningham Los Angeles Dodgers
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Jim Stice liked thisJim Stice liked thisI'm excited that I get to teach a new class this fall at BYU "Introduction to GenAI" for all business majors! It is a one-hour, asynchronous, online course that will achieve these learning objectives: 1. Develop a principled understanding of Generative AI’s capabilities and limitations. 2. Apply Generative AI tools with wisdom, purpose, and professionalism rooted in integrity. 3. Discern truth and validate AI-generated content with integrity and critical judgment. 4. Exercise moral agency in the ethical and responsible use of GenAI, consistent with gospel-centered values. 5. Strengthen soft skills and enduring mindsets for Christ-centered leadership in a GenAI world. If you want to take it, register for MSB 490R, section 29. I'm excited to finish building it over the next 1.5 months!
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Dr. Ehsan H. Feroz
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DOES the FASB LISTEN to CORPORATIONS? (with Lawrence D. Brown) The Financial Accounting Standards Board (#FASB) follows an elaborate #due-#process #procedure when it sets #accounting #standards. Surprisingly, little is known regarding what role submissions before the FASB play in the FASB's decision making process. This study examines one set of FASB decisions, changes between its 1974 and 1978 Exposure Drafts on price-level accounting, and relates it to firm specific characteristics suggested by economic theory. The model suggests that a corporation's influence on the FASB is positively related to its #resources, the number of #diverse #constituencies it represents, and its #previous #success at influencing regulators. Proxies for theses factors are the firm's 1974 net sales, the number of lines of business it disclosed in its 1974 10-K reports, and its 1974 tax subsidy, respectively. The #resources and the #number of #lines of #business variables are found to be significant determinants of corporate influence. The results suggest that #corporations do #influence #FASB decision making, and that some corporations are more influential than others.
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Michelle Rankin
Aleutian Trail Talks Podcast • 1K followers
If we want strong tax managers five years from now, 𝘄𝗲 𝗵𝗮𝘃𝗲 𝘁𝗼 𝘀𝘁𝗮𝗿�� 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝘁𝗵𝗲𝗺 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁𝗹𝘆 𝘁𝗼𝗱𝗮𝘆. 𝗜𝘁’𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗮 𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝘀𝘁𝗼𝗿𝗺: • Nearly half of U.S. states now offer a CPA path without a fifth year of education • Most universities teach only one or two undergraduate tax courses • Firms are stretched thin, and reviews often flow one way • Not every experienced professional has the time (or skill) to mentor developing staff The result? Many 𝗲𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝘁𝗮𝘅 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀 𝗮𝗿𝗲𝗻’𝘁 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗼𝗿 𝗳𝗲𝗲𝗱𝗯𝗮𝗰𝗸 𝘁𝗵𝗲𝘆 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗴𝗿𝗼𝘄 𝗶𝗻𝘁𝗼 𝗰𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝘁, 𝗰𝗮𝗽𝗮𝗯𝗹𝗲 𝗺𝗮𝗻𝗮𝗴𝗲𝗿𝘀. In my work with CPA firms and through my role at UVU, I hear the same thing again and again: “𝘞𝘦 𝘩𝘢𝘷𝘦 𝘴𝘵𝘢𝘧𝘧 𝘸𝘪𝘵𝘩 4+ 𝘺𝘦𝘢𝘳𝘴 𝘰𝘧 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦, 𝘣𝘶𝘵 𝘵𝘩𝘦𝘺’𝘳𝘦 𝘯𝘰𝘵 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘣𝘦 𝘱𝘳𝘰𝘮𝘰𝘵𝘦𝘥.” I’ve seen it firsthand - bright, hardworking professionals who know the 𝘩𝘰𝘸 but not the 𝘸𝘩𝘺. • Reviews done “one-way,” with fixes from above but no feedback below • Workpapers rolled forward “SALY,” perpetuating errors year after year • Students leaving internships more confused about tax than when they started 𝗠𝗮𝗻𝘆 𝗳𝗶𝗿𝗺𝘀 𝘀𝗮𝘆, “𝗪𝗲’𝗹𝗹 𝘁𝗿𝗮𝗶𝗻 𝘁𝗵𝗲𝗺 𝗶𝗻-𝗵𝗼𝘂𝘀𝗲,” 𝗯𝘂𝘁 𝘄𝗵𝗲𝗿𝗲 𝗱𝗼𝗲𝘀 𝘁𝗵𝗮𝘁 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗵𝗮𝗽𝗽𝗲𝗻? I’ve had countless students already working in firms experience lightbulb moments in class - finally connecting theory to the work they’ve been doing for years. Those moments prove that education and practice shouldn’t be separate worlds. So how do we bridge that gap? 👉 How is your firm developing talent right now? 👉 Is your firm finding ways to train staff beyond busy-season feedback? 𝗧𝗵𝗲 𝗼𝗻𝗹𝘆 𝘄𝗮𝘆 𝘄𝗲’𝗹𝗹 𝗵𝗮𝘃𝗲 𝘀𝘁𝗿𝗼𝗻𝗴 𝘁𝗮𝘅 𝗺𝗮𝗻𝗮𝗴𝗲𝗿𝘀 𝗳𝗶𝘃𝗲 𝘆𝗲𝗮𝗿𝘀 𝗳𝗿𝗼𝗺 𝗻𝗼𝘄 𝗶𝘀 𝘁𝗼 𝗶𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝘁𝗼𝗱𝗮𝘆. #Accounting #TaxEducation #TaxTraining
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