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. There are 5 practice problems in this chapter.
    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 2
    Debit and Credit Procedures

  9. T-Accounts

    3:15

  10. Debits and Credits

    6:49

  11. Determining Normal Balances For Assets & Liabilities

    10:04

  12. Determining Normal Balance for Shareholder's Equity

    11:53

  13. Normal Balance Shortcut: Double Entry

    11:51

  14. Normal Balance Shortcut: DEAD Mnemonic

    2:36

  15. The Journal, Ledger, Trial Balance

    14:00
    16. There are 9 practice problems in this chapter.
    As soon as I subscribed, my test grades went up at LEAST a letter grade. I only use your website and the book to study and I am about to take my final exam. I haven’t been able to come across video as helpful or as easy to follow as yours. It was beautifully simple and simply beautiful how you made it seem like a puzzle and that I should not be intimidated by financial accounting. Hopefully this final goes well, and I'm watching your videos right now to get a little review before hand.
    — Jeronimo, Summer 2018

    Chapter 3
    Accrual Account and The Adjusting Process

  16. Cash vs. Accrual Accounting

    7:21

  17. Expense Recognition

    8:07

  18. Accruals and Deferrals

    15:07

  19. What is an Adjusting Entry?

    4:11

  20. Adjusting Entry: Supplies

    1:54

  21. Adjusting Entry: Wages

    4:52

  22. Adjusting Entry: Unearned Revenue

    2:11

  23. Adjusting Entry: Interest

    2:03

  24. Contra-accounts

    4:40

  25. Depreciation

    7:10
    26. There are 15 practice problems in this chapter.
    Your videos have truly helped more than I could ever explain! They gave me such a good guideline for how to solve problems, and how you go through each problem step-by-step makes accounting seem so much easier.
    — Caitlyn, Spring 2018

    Chapter 4
    Closing Process and Classified Balance Sheet

  26. Current Assets

    9:57

  27. Non-Current Assets

    10:25

  28. Current Liabilities

    6:24

  29. Non-Current Liabilites

    2:00

  30. The Classified Balance Sheet

    4:48

  31. The Closing Process

    10:37
    32. There are 5 practice problems in this chapter.
    Your videos are the real deal. They have helped so much and I appreciate you.
    — Clayton, Fall 2016

    Chapter 8
    Cash and Bank Reconciliations

  32. Cash and Cash Equivalents

    7:52

  33. Bank Reconciliations: What and Why

    9:38

  34. Bank Reconciliations: How

    20:57

  35. Debit and Credit Memos

    5:21

  36. Fixing Mistakes in Bank Recs

    8:32
    37. There are 2 practice problems in this chapter.
    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 5
    Concepts of Inventory

  37. COGS and Inventory

    2:57

  38. Net Sales

    10:03

  39. Perpetual vs Periodic

    7:10

  40. FOB Shipping?

    8:51

  41. Transportation In

    8:41

  42. COGS

    6:18

  43. Drawbacks to Periodic

    6:07

  44. Estimating with Gross Profit

    7:23

  45. The Multistep Income Statement

    12:44
    46. There are 8 practice problems in this chapter.
    The videos were clear and easy to understand and the breakdown into short simple videos was nice. That way you weren't having to watch an hour long lecture when all you needed was 5 minutes of information.
    — Kyle, Spring 2016

    Chapter 6
    Inventory Cost Flow Methods

  46. Specific Identification

    2:17

  47. Weighted Average

    4:21

  48. FIFO and LIFO

    20:17
    49. There are 1 practice problems in this chapter.
    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 9
    Accounts Receivable and Bad Debts

  49. A/R and Bad Debts Introduction

    7:09

  50. Direct Method

    4:15

  51. The Allowance Method

    8:56

  52. Income Statement vs Balance Sheet Methods

    13:14

  53. Net Credit Sales

    5:20

  54. Write Offs and Reinstatements

    8:26

  55. Notes Receivable

    11:27
    56. There are 4 practice problems in this chapter.
    I just wanted to say thank you for all of the time you have put into this website! All of the videos and practice really helped me improve my accounting grade.
    — Sarah M., Fall 2019

    Chapter 10
    Long Term Assets and Depreciation

  56. Acquisition Cost of Assets

    13:23

  57. Lump Sum Purchases

    6:01

  58. What is Depreciation?

    11:23

  59. Straight Line Depreciation

    4:33

  60. Double Declining Balance

    13:58

  61. Units of Production

    3:43

  62. Partial Year Depreciation

    5:50

  63. Capital vs. Revenue Expenditures

    10:42
    64. There are 5 practice problems in this chapter.
    Thank you so much for your website and for the time and effort that you put into it. It has been a huge help.
    — Josh, Spring 2018

    Chapter 11
    Bonds, Bonds, and Bonds

  64. Interest Bearing Notes

    8:26

  65. Non-interest Bearing Notes

    6:16

  66. Contingencies

    5:58

  67. Intro to Bonds

    10:04

  68. Discounts and Premiums

    7:34

  69. Selling at a Discount

    7:15

  70. Selling for a Premium

    8:11

  71. Amortization

    21:42

  72. Borrowing Cost

    6:33

  73. Interacting with Market Rates

    5:30

  74. Retiring Bonds

    9:54
    75. There are 8 practice problems in this chapter.
    You saved me in accounting and I made an A!
    — Liz, Fall 2016

    Chapter 12
    Shareholder's Equity

  75. Shareholder's Equity

    5:12

  76. Stock Classifications

    4:19

  77. Issuance of Stock

    6:37

  78. Treasury Stock

    11:11

  79. Cash Dividends

    9:58

  80. The Effect of Cash Dividends

    6:08

  81. Stock Dividends

    13:48
    82. There are 6 practice problems in this chapter.
    Honestly, if it weren't for your website, I would not have passed this class. I bombed the first two exams with 50s, but then after one of my friends told me about your website, I managed to bring my next exam score up to a 77. I did better than the class average of 68! Your videos are super clear and easy to follow. I appreciate how much effort you put into them.
    — Nadia Lynn, Fall 2018