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Chapter 1Debits, Credits, and the Accounting EquationChapter 2The Balance SheetChapter 3The Income Statement and Normal BalancesChapter 4Differences in Timing, Adjusting Entries, and the Closing ProcessChapter 6Bank Reconciliations and InventoryChapter 8Accounts Receivable and Bad DebtsChapter 9Long Term Assets and DepreciationChapter 10LIabilities and BondsChapter 11Shareholder's EquityChapter 12Cash Flows
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1

Chapter 1 - Debits, Credits, and the Accounting Equation

  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 - The Balance Sheet

  1. Current Assets - 10 min
  2. Non-Current Assets - 11 min
  3. Current Liabilities - 7 min
  4. Non-Current Liabilites - 2 min
  5. Contributed Capital - 6 min
  6. The Classified Balance Sheet - 5 min
  7. Retained Earnings vs Shareholder's Equity - 7 min
  8. Ratios: Current Ratio - 4 min
  9. T-Accounts - 4 min
  10. Debits and Credits - 7 min
1 hr
10Videos7Problems
Chapter OverviewAll ProblemsFormulas
3

Chapter 3 - The Income Statement and Normal Balances

  1. Determining Normal Balances For Assets & Liabilities - 11 min
  2. Determining Normal Balance for Shareholder's Equity - 12 min
  3. Normal Balance Shortcut: Double Entry - 12 min
  4. Normal Balance Shortcut: DEAD Mnemonic - 3 min
  5. The Journal, Ledger, Trial Balance - 14 min
  6. The Multistep Income Statement - 13 min
  7. Gross Profit vs Net Profit - 7 min
  8. Profit Margin - 4 min
1 hr 13 min
8Videos8Problems
Chapter OverviewAll ProblemsFormulas
4

Chapter 4 - Differences in Timing, Adjusting Entries, and the Closing Process

  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. The Closing Process - 11 min
1 hr 9 min
11Videos18Problems
Chapter OverviewAll ProblemsFormulas
5

Chapter 6 - Bank Reconciliations and Inventory

  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
  6. COGS and Inventory - 3 min
  7. Net Sales - 11 min
  8. Perpetual vs Periodic - 8 min
  9. FOB Shipping? - 9 min
  10. Transportation In - 9 min
  11. COGS - 7 min
  12. Drawbacks to Periodic - 7 min
1 hr 43 min
12Videos8Problems
Chapter OverviewAll ProblemsFormulas
6

Chapter 8 - Accounts Receivable and Bad Debts

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

Chapter 9 - Long Term Assets and Depreciation

  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 10 - LIabilities and Bonds

  1. Interest Bearing Notes - 9 min
  2. Non-interest Bearing Notes - 7 min
  3. Contingencies - 6 min
  4. Intro to Bonds - 11 min
  5. Discounts and Premiums - 8 min
  6. Selling at a Discount - 8 min
  7. Selling for a Premium - 9 min
  8. Amortization - 22 min
  9. Borrowing Cost - 7 min
  10. Interacting with Market Rates - 6 min
  11. Retiring Bonds - 10 min
1 hr 38 min
11Videos8Problems
Chapter OverviewAll ProblemsFormulas
9

Chapter 11 - Shareholder's Equity

  1. Shareholder's Equity - 6 min
  2. Stock Classifications - 5 min
  3. Issuance of Stock - 7 min
  4. Treasury Stock - 12 min
  5. Cash Dividends - 10 min
  6. The Effect of Cash Dividends - 7 min
  7. Stock Dividends - 14 min
58 min
7Videos6Problems
Chapter OverviewAll ProblemsFormulas
10

Chapter 12 - 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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ac210ua.com is your complete online resource for learning Introduction to Financial Accounting at University of Alabama. The most understandable, logical content about Financial Accounting you'll find anywhere, online or off.

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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 1Debits, Credits, and the Accounting Equation
  • Chapter 2The Balance Sheet
  • Chapter 3The Income Statement and Normal Balances
  • Chapter 4Differences in Timing, Adjusting Entries, and the Closing Process
  • Chapter 6Bank Reconciliations and Inventory
  • Chapter 8Accounts Receivable and Bad Debts
  • Chapter 9Long Term Assets and Depreciation
  • Chapter 10LIabilities and Bonds
  • Chapter 11Shareholder's Equity
  • Chapter 12Cash Flows

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