Jim Stice and Kay Stice – Running a Profitable Business: Understanding Cash Flow

Running a Profitable Business: Understanding Cash Flow

By: Jim Stice and Kay Stice

Duration: 1h 53m

Released: September 16, 2015

Description:

The cash flow statement is one of the three primary financial statements, but because it has only been around since 1988, many traditional business analysis models don’t include it. And improper cash flow can mean the death of a business. This course reviews all the important topics you need to know for proper cash flow management and analysis. Professors Jim and Kay Stice review the difference between net income and operating cash flow, show how to interpret a cash flow statement, introduce the Jim Stice operating cash flow matrix, and describe some real cash flow catastrophes and triumphs at companies such as General Motors and Home Depot.

Topics include:

• Differentiating between net income and operating cash flow
• Categorizing cash flow
• Using financial data to deduce cash flow
• Managing operating, investing, and financing cash flows
• Typical cash flow patterns
• Converting net income into operating cash flow
• Improving operating cash flow

Contents:

• Introduction
• 1. The Importance of Cash Flow Analysis
• 2. Overview of the Statement of Cash Flows
• 3. Using Cash Flow Data to Make a Loan Decision
• 4. Converting Income Statement Data into Operating Cash Flow Data
• 5. Managing Cash Flow
• 6. Cash Flow Numbers for Some Real Companies
• Conclusion

About the Instructor:

Jim Stice

Jim Stice is a professor of accounting at BYU.

James D. Stice, PhD, is the Distinguished Teaching Professor of Accounting in the School of Accountancy at Brigham Young University (BYU). He teaches business and accounting to university students and to business professionals around the world. Professor Stice has been at BYU since 1988. He has co-authored three accounting textbooks and published numerous professional and academic articles. In addition, Professor Stice has been involved in executive education for Ernst & Young, Bank of America Corporation, International Business Machines Corporation, RSM, and AngloGold Limited and has taught at INSEAD (in both France and Singapore) and CEIBS (in China). He has been recognized for teaching excellence by his department, his college, and the university. Professor Stice currently serves on the audit committee of Deseret Management Corporation and served on the board of directors of a publicly traded company until it was taken private.

Professor Jim Stice received a PhD from the University of Washington as well as master’s and bachelor’s degrees from BYU, all in accounting.

Earl Kay Stice

Earl Kay Stice is the PricewaterhouseCoopers Professor of Accounting at the BYU Marriott School of Management.

Earl has been on the full-time faculty at Rice University, the University of Arizona, and the Hong Kong University of Science and Technology (HKUST). He has also been an Executive MBA lecturer at HKUST, SKOLKOVO (Moscow School of Management), China Europe International Business School (CEIBS), the University of Illinois (US), and INSEAD (Singapore and Paris). Professor Kay Stice has received awards for high-quality teaching at Arizona, Rice, and Brigham Young University, and he was twice selected as one of the top ten lecturers at HKUST.

Professor Stice has been engaged in executive training and corporate training in the United States, Hong Kong, China, Russia, Malaysia, and South Africa. He has also been an expert witness in major cases involving compensation for losses and tax disputes.

Professor Stice received his bachelor’s and master’s degrees in accounting from Brigham Young University and completed his PhD at Cornell University (US).

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