From the course: Accounting Foundations
The importance of accounting
- Accounting. Can you think of a more exciting topic to discover? - If you knew what we knew about accounting, you'd be quite excited about what awaits. - [Kay] We are going to examine the four basic types of accounting. Bookkeeping, financial accounting, managerial accounting, and income tax accounting. - [Jim] Now imagine understanding financial statements and how they're used in making business decisions. - We'll also illustrate some real world applications of the important managerial accounting concept, you get what you measure. Hi, I'm Kay Stice. I'm an Emeritus Professor in the business school at Brigham Young University. This is my brother, Jim. - I'm also an Emeritus Business School Professor at Brigham Young University. - We are excited to begin this adventure with you. Welcome to Accounting Foundations.
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