1. Finance & Accounting Tips
Timing of revenue recognition
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Cost-volume-profit analysis
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Overview of the balance sheet
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Limitations of the balance sheet
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Accrual accounting
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Income statement
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How to common-size the income statement
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Financial statement ratios
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The DuPont framework and return on equity
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Debits and credits
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Understand a company's operating cycle
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How to compute days' purchases in payables
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The current ratio and liquidity
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Leverage ratios
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When to capitalize or expense costs
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The statement of cash flows
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Earnings management
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What is depreciation?
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Forecasting financial statements
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Dividends and stock buybacks
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Loan payments: Understand interest and principal
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Price maker or price taker and the impact of overhead costs
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Activity-based costing (ABC) and overhead
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Contribution margin and the sales mix of products
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Save early, save often
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Take the 401(k) match
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Making extra payments
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Low introductory interest rates
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LIFO, FIFO, and FISH
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Different depreciation methods
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Capital asset pricing model (CAPM)
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Sarbanes-Oxley and internal controls
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What is a derivative?
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Accounting for gift cards
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What is beta?
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What is an IPO?
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Components of a compensation package
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Impairment
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Earnings per share
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Calculate a car payment
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Deferred taxes
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Foreign currency transactions
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What do auditors do?
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Steps in creating a personal budget
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Pensions
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Obtaining financial information
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Internal controls
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Standards and variances
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What is corporate governance?
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