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Chapters Problems & Videos
Chapter 1Introduction to Financial AccountingChapter 2Debits, Credits, T-Accounts, and Journal EntriesChapter 3Revenue and Expense Recognition, Adjusting and Closing Entries, the Classified Balance Sheet, and the Multistep Income StatementChapter 4Cash, Cash Equivalents, and Bank ReconciliationsChapter 5Accounts Receivable and Bad DebtsChapter 6All About InventoryChapter 7Long Term AssetsChapter 8 LiabilitiesChapter 9Bonds, Bonds, BondsChapter 10Stockholder's EquityChapter 11Cash Flows
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1

Chapter 1 - Introduction to Financial Accounting

  1. The Accounting Equation - 4 min
  2. Assets vs Liabilities - 6 min
  3. Shareholder's Equity - 6 min
  4. The Balance Sheet - 6 min
  5. The Statement of Retained Earnings - 6 min
  6. The Income Statement - 7 min
  7. The Statement of Cash Flows - 7 min
  8. How the Statements Work Together - 10 min
48 min
8Videos5Problems
Chapter OverviewAll ProblemsFormulas
2

Chapter 2 - Debits, Credits, T-Accounts, and Journal Entries

  1. T-Accounts - 4 min
  2. Debits and Credits - 7 min
  3. Determining Normal Balances For Assets & Liabilities - 11 min
  4. Determining Normal Balance for Shareholder's Equity - 12 min
  5. Normal Balance Shortcut: Double Entry - 12 min
  6. Normal Balance Shortcut: DEAD Mnemonic - 3 min
  7. The Journal, Ledger, Trial Balance - 14 min
1 hr 1 min
7Videos9Problems
Chapter OverviewAll ProblemsFormulas
3

Chapter 3 - Revenue and Expense Recognition, Adjusting and Closing Entries, the Classified Balance Sheet, and the Multistep Income Statement

  1. Cash vs. Accrual Accounting - 8 min
  2. Expense Recognition - 9 min
  3. Accruals and Deferrals - 16 min
  4. What is an Adjusting Entry? - 5 min
  5. Adjusting Entry: Supplies - 2 min
  6. Adjusting Entry: Wages - 5 min
  7. Adjusting Entry: Unearned Revenue - 3 min
  8. Adjusting Entry: Interest - 3 min
  9. Contra-accounts - 5 min
  10. Depreciation - 8 min
  11. Current Assets - 10 min
  12. Non-Current Assets - 11 min
  13. Current Liabilities - 7 min
  14. Non-Current Liabilites - 2 min
  15. The Classified Balance Sheet - 5 min
  16. Contributed Capital - 6 min
  17. Retained Earnings vs Shareholder's Equity - 7 min
  18. The Multistep Income Statement - 13 min
  19. The Closing Process - 11 min
  20. Ratios: Working Capital - 3 min
  21. Ratios: Current Ratio - 4 min
2 hr 13 min
21Videos24Problems
Chapter OverviewAll ProblemsFormulas
4

Chapter 4 - Cash, Cash Equivalents, and Bank Reconciliations

  1. Cash and Cash Equivalents - 8 min
  2. Bank Reconciliations: What and Why - 10 min
  3. Bank Reconciliations: How - 21 min
  4. Debit and Credit Memos - 6 min
  5. Fixing Mistakes in Bank Recs - 9 min
53 min
5Videos2Problems
Chapter OverviewAll ProblemsFormulas
5

Chapter 5 - Accounts Receivable and Bad Debts

  1. Net Sales - 11 min
  2. A/R and Bad Debts Introduction - 8 min
  3. Direct Method - 5 min
  4. The Allowance Method - 9 min
  5. Income Statement vs Balance Sheet Methods - 14 min
  6. Net Credit Sales - 6 min
  7. Write Offs and Reinstatements - 9 min
  8. Notes Receivable - 12 min
1 hr 9 min
8Videos4Problems
Chapter OverviewAll ProblemsFormulas
6

Chapter 6 - All About Inventory

  1. COGS and Inventory - 3 min
  2. Perpetual vs Periodic - 8 min
  3. FOB Shipping? - 9 min
  4. Transportation In - 9 min
  5. COGS - 7 min
  6. Specific Identification - 3 min
  7. Weighted Average - 5 min
  8. FIFO and LIFO - 21 min
  9. Gross Profit vs Net Profit - 7 min
  10. Estimating with Gross Profit - 8 min
1 hr 15 min
10Videos8Problems
Chapter OverviewAll ProblemsFormulas
7

Chapter 7 - Long Term Assets

  1. Acquisition Cost of Assets - 14 min
  2. Lump Sum Purchases - 7 min
  3. What is Depreciation? - 12 min
  4. Straight Line Depreciation - 5 min
  5. Double Declining Balance - 14 min
  6. Units of Production - 4 min
  7. Partial Year Depreciation - 6 min
  8. Capital vs. Revenue Expenditures - 11 min
1 hr 10 min
8Videos5Problems
Chapter OverviewAll ProblemsFormulas
8

Chapter 8 - Liabilities

  1. Contingencies - 6 min
6 min
1Videos2Problems
Chapter OverviewAll ProblemsFormulas
9

Chapter 9 - Bonds, Bonds, Bonds

  1. Intro to Bonds - 11 min
  2. Discounts and Premiums - 8 min
  3. Selling at a Discount - 8 min
  4. Selling for a Premium - 9 min
  5. Amortization - 22 min
  6. Borrowing Cost - 7 min
  7. Interacting with Market Rates - 6 min
  8. Shareholder's Equity - 6 min
1 hr 13 min
8Videos4Problems
Chapter OverviewAll ProblemsFormulas
10

Chapter 10 - Stockholder's Equity

  1. Stock Classifications - 5 min
  2. Issuance of Stock - 7 min
  3. Treasury Stock - 12 min
  4. Cash Dividends - 10 min
  5. The Effect of Cash Dividends - 7 min
  6. Stock Dividends - 14 min
53 min
6Videos6Problems
Chapter OverviewAll ProblemsFormulas
11

Chapter 11 - Cash Flows

  1. Cash Flow Overview - 7 min
  2. Operating Cash Flows - 19 min
  3. Indirect Method - 15 min
  4. Investing Cash Flows - 6 min
  5. Financing Cash Flows - 4 min
  6. Depreciation in Cash Flows - 6 min
  7. PPE for Cash Flows - 3 min
  8. Bringing it All Together - 14 min
1 hr 11 min
8Videos7Problems
Chapter OverviewAll ProblemsFormulas
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acct2331

acct2331.com is your complete online resource for learning Introduction to Financial Accounting at The University of Houston. The most understandable, logical content about Financial Accounting you'll find anywhere, online or off.

About Me

Aaron Francis

Hey, I'm Aaron. I made this site and recorded all these videos. I got my Undergrad and Master's in Accounting and then went on to get my CPA License (exciting, right?). I worked at Ernst and Young for about a year but never really loved it, so I quit and became a programmer. I do love accounting though, and I love teaching it, which is why I made this site. You can always email me at hello@aaronfrancis.com if you ever have any questions!

Chapters

  • Chapter 1Introduction to Financial Accounting
  • Chapter 2Debits, Credits, T-Accounts, and Journal Entries
  • Chapter 3Revenue and Expense Recognition, Adjusting and Closing Entries, the Classified Balance Sheet, and the Multistep Income Statement
  • Chapter 4Cash, Cash Equivalents, and Bank Reconciliations
  • Chapter 5Accounts Receivable and Bad Debts
  • Chapter 6All About Inventory
  • Chapter 7Long Term Assets
  • Chapter 8 Liabilities
  • Chapter 9Bonds, Bonds, Bonds
  • Chapter 10Stockholder's Equity
  • Chapter 11Cash Flows

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