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acc311 at The University of Texas
13 hours of video!
Chapters Problems & Videos
Chapter 1Debits, Credits, and the Accounting EquationChapter 2The Balance SheetChapter 3The Income StatementChapter 4Adjustments and Financial StatementsChapter 12Cash FlowsChapter 6Accounts Receivable and Bad DebtsChapter 7All About InventoryChapter 8AssetsChapter 9Liabilities and the Time Value of MoneyChapter 10Bonds, Bonds, BondsChapter 11Owner's Equity
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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. T-Accounts - 4 min
  8. Debits and Credits - 7 min
  9. Determining Normal Balances For Assets & Liabilities - 11 min
  10. Determining Normal Balance for Shareholder's Equity - 12 min
  11. Normal Balance Shortcut: Double Entry - 12 min
  12. Normal Balance Shortcut: DEAD Mnemonic - 3 min
  13. The Journal, Ledger, Trial Balance - 14 min
1 hr 40 min
13Videos12Problems
Chapter OverviewAll ProblemsFormulas
3

Chapter 3 - The Income Statement

  1. The Multistep Income Statement - 13 min
  2. Gross Profit vs Net Profit - 7 min
  3. Profit Margin - 4 min
  4. Cash vs. Accrual Accounting - 8 min
  5. Expense Recognition - 9 min
38 min
5Videos5Problems
Chapter OverviewAll ProblemsFormulas
4

Chapter 4 - Adjustments and Financial Statements

  1. Accruals and Deferrals - 16 min
  2. What is an Adjusting Entry? - 5 min
  3. Adjusting Entry: Supplies - 2 min
  4. Adjusting Entry: Wages - 5 min
  5. Adjusting Entry: Unearned Revenue - 3 min
  6. Adjusting Entry: Interest - 3 min
  7. Contra-accounts - 5 min
  8. Depreciation - 8 min
  9. The Closing Process - 11 min
53 min
9Videos14Problems
Chapter OverviewAll ProblemsFormulas
5

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
6

Chapter 6 - 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
48 min
6Videos4Problems
Chapter OverviewAll ProblemsFormulas
7

Chapter 7 - All About Inventory

  1. COGS and Inventory - 3 min
  2. Net Sales - 11 min
  3. Perpetual vs Periodic - 8 min
  4. FOB Shipping? - 9 min
  5. Transportation In - 9 min
  6. COGS - 7 min
  7. Drawbacks to Periodic - 7 min
  8. Specific Identification - 3 min
  9. Weighted Average - 5 min
  10. FIFO and LIFO - 21 min
  11. Estimating with Gross Profit - 8 min
1 hr 25 min
11Videos8Problems
Chapter OverviewAll ProblemsFormulas
8

Chapter 8 - 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
9

Chapter 9 - Liabilities and the Time Value of Money

  1. Notes Receivable - 12 min
  2. Interest Bearing Notes - 9 min
  3. Non-interest Bearing Notes - 7 min
  4. Contingencies - 6 min
  5. What is Present Value - 9 min
  6. Simple vs Compound - 15 min
  7. PV of a Lump Sum - 5 min
  8. PV of a Lump Sum - 7 min
  9. Ordinary Annuity - 8 min
  10. Purchasing with an Annuity - 5 min
  11. Finding the Payment - 7 min
1 hr 24 min
11Videos4Problems
Chapter OverviewAll ProblemsFormulas
10

Chapter 10 - 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. Retiring Bonds - 10 min
1 hr 17 min
8Videos5Problems
Chapter OverviewAll ProblemsFormulas
11

Chapter 11 - Owner'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
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acc311.com is your complete online resource for learning Introduction to Financial Accounting at The University of Texas. 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
  • Chapter 4Adjustments and Financial Statements
  • Chapter 12Cash Flows
  • Chapter 6Accounts Receivable and Bad Debts
  • Chapter 7All About Inventory
  • Chapter 8Assets
  • Chapter 9Liabilities and the Time Value of Money
  • Chapter 10Bonds, Bonds, Bonds
  • Chapter 11Owner's Equity

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