acct2001 at LSU
Hey, check it out, this is the first video of Chapter 1: The Accounting Equation. It's thrilling. You're going to love it!

Hello there, I'm Aaron. I designed and coded this site, recorded all these videos, and wrote all the practice problems. 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. Please feel free to reach out to me if you ever have any questions!

A couple of bits of info about the site:

  • I've recorded 81 videos, which means you get 824 minutes of accounting (lucky you)
  • There are 68 practice problems right now, and I'm always adding more.
  • Those problems & videos cover all 11 chapters of Acct 2001.
  • You can email me anytime at [email protected].

The Whole Class All of the Videos

    Chapter 1
    Debits, Credits, and the Accounting Equation

  1. The Accounting Equation

    3:02
  2. Assets vs Liabilities

    5:32
  3. Shareholder's Equity

    5:26
  4. The Balance Sheet

    5:52
  5. The Statement of Retained Earnings

    5:51
  6. The Income Statement

    6:19
  7. The Statement of Cash Flows

    6:02
  8. How the Statements Work Together

    9:02
  9. It definitely helped me make sense of the last couple chapters before the final when things in class started going over my head. I like that you use visuals and diagrams as well as going through examples. The visual for the breakdown of authorized stock is an example of one I found extremely helpful.
    — Caitlin, Spring 2016

    Chapter 2
    Debit and Credit Procedures

  10. T-Accounts

    3:15
  11. Debits and Credits

    6:49
  12. Determining Normal Balances For Assets & Liabilities

    10:04
  13. Determining Normal Balance for Shareholder's Equity

    11:53
  14. Normal Balance Shortcut: Double Entry

    11:51
  15. Normal Balance Shortcut: DEAD Mnemonic

    2:36
  16. The Journal, Ledger, Trial Balance

    14:00
  17. You definitely saved my grade in accounting, and you explained things very well.
    — Nicholas C., Fall 2019

    Chapter 3
    Accrual Account and The Adjusting Process

  18. Cash vs. Accrual Accounting

    7:21
  19. Expense Recognition

    8:07
  20. Accruals and Deferrals

    15:07
  21. What is an Adjusting Entry?

    4:11
  22. Adjusting Entry: Supplies

    1:54
  23. Adjusting Entry: Wages

    4:52
  24. Adjusting Entry: Unearned Revenue

    2:11
  25. Adjusting Entry: Interest

    2:03
  26. Contra-accounts

    4:40
  27. Depreciation

    7:10
  28. Your website is dope, it helped me a lot honestly and I never actually understood like I did when I used the website.
    — Blaze T., Fall 2019

    Chapter 4
    Closing Process and Classified Balance Sheet

  29. Current Assets

    9:57
  30. Non-Current Assets

    10:25
  31. Current Liabilities

    6:24
  32. Non-Current Liabilites

    2:00
  33. The Classified Balance Sheet

    4:48
  34. The Closing Process

    10:37
  35. Got an A in this course thanks to your videos! 10/10 would recommend to next classes to get the membership. Definitely worth it. Thanks Aaron.
    — Juan, Fall 2016

    Chapter 8
    Cash and Bank Reconciliations

  36. Cash and Cash Equivalents

    7:52
  37. Bank Reconciliations: What and Why

    9:38
  38. Bank Reconciliations: How

    20:57
  39. Debit and Credit Memos

    5:21
  40. Fixing Mistakes in Bank Recs

    8:32
  41. Your website is so awesome!! Seriously you give a fresh perspective on all the topics talked about in class and the vocabulary you use is very easy to understand. The way you teach almost makes the material feel very easy to comprehend.
    — Kyle F., Fall 2019

    Chapter 5
    Concepts of Inventory

  42. COGS and Inventory

    2:57
  43. Net Sales

    10:03
  44. Perpetual vs Periodic

    7:10
  45. FOB Shipping?

    8:51
  46. Transportation In

    8:41
  47. COGS

    6:18
  48. Drawbacks to Periodic

    6:07
  49. Estimating with Gross Profit

    7:23
  50. The Multistep Income Statement

    12:44
  51. I honestly don't think I would've been able to pass financial without your help. With finals coming up, I feel very confident with accounting and I never thought I would! So again, thank you for all your help!
    — Claire, Fall 2016

    Chapter 6
    Inventory Cost Flow Methods

  52. Specific Identification

    2:17
  53. Weighted Average

    4:21
  54. FIFO and LIFO

    20:17
  55. This website helped me pass the class, which is a miracle. The videos were easier for me to understand than the textbook, my tutor, and my professor.
    — Claire, Fall 2016

    Chapter 9
    Accounts Receivable and Bad Debts

  56. A/R and Bad Debts Introduction

    7:09
  57. Direct Method

    4:15
  58. The Allowance Method

    8:56
  59. Income Statement vs Balance Sheet Methods

    13:14
  60. Net Credit Sales

    5:20
  61. Write Offs and Reinstatements

    8:26
  62. Notes Receivable

    11:27
  63. This website was amazing. I was SO lost in lecture but these videos really helped me piece everything together. I tried outside tutoring but it didn't work. THIS is what you need to ensure you are understanding ALL material.
    — Valeria, Fall 2019

    Chapter 10
    Long Term Assets and Depreciation

  64. Acquisition Cost of Assets

    13:23
  65. Lump Sum Purchases

    6:01
  66. What is Depreciation?

    11:23
  67. Straight Line Depreciation

    4:33
  68. Double Declining Balance

    13:58
  69. Units of Production

    3:43
  70. Partial Year Depreciation

    5:50
  71. Capital vs. Revenue Expenditures

    10:42
  72. I’ll be happy to spread the word about your site. There’s no way I could have any clue what is going on in this class without it.
    — Brandon, Spring 2019

    Chapter 11
    Bonds, Bonds, and Bonds

  73. Interest Bearing Notes

    8:26
  74. Non-interest Bearing Notes

    6:16
  75. Contingencies

    5:58
  76. Intro to Bonds

    10:04
  77. Discounts and Premiums

    7:34
  78. Selling at a Discount

    7:15
  79. Selling for a Premium

    8:11
  80. Amortization

    21:42
  81. Borrowing Cost

    6:33
  82. Interacting with Market Rates

    5:30
  83. Retiring Bonds

    9:54
  84. I can learn a lot from your videos and they are easy to understand. I have a better understanding after watching your videos which also helped me get a better result for my previous semester.
    — Olivia, Fall 2017

    Chapter 12
    Shareholder's Equity

  85. Shareholder's Equity

    5:12
  86. Stock Classifications

    4:19
  87. Issuance of Stock

    6:37
  88. Treasury Stock

    11:11
  89. Cash Dividends

    9:58
  90. The Effect of Cash Dividends

    6:08
  91. Stock Dividends

    13:48
  92. I could not have finished this course without your help. I really appreciate how concise you are with your words and how you take the time to create clear visuals when explaining concepts.
    — Emma, Fall 2016