DEBITS, CREDITS, STATEMENT OF CASH FLOWS... YA, WE'RE REALLY GOOD AT THAT STUFF.
So you need help with your accounting. Things aren’t being explained in class to your satisfaction? You have a quiz tomorrow? We can help! We have created this website with you in mind. We have over 20 hours of Accounting Tutorials, with more being constantly added. We have tried to anticipate your needs so that we can help!
Introduction – Accounting Equation
The fundamental accounting equation is Assets = Liabilities + Owners’ Equity. Why? This module explains why this equality always holds and how it can be expanded to easily include the income statement.
Video Length: 5m 27s
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Introduction – Debits and Credits
Why do accountants use the terms ‘debit’ and ‘credit’? These terms are unique to accounting. See how they came about, what they represent, and how they keep the accounting equation in balance.
Video Length: 11m 22s
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Adjusting Entries I
Perhaps the hardest part of introductory accounting, adjusting entries come about because of transactions that are not quite complete. Either cash has been exchanged in the past or will be exchanged in the future – but a set of financial statements need to be prepared now. This module introduces this difficult topic.
Video Length: 4m 49s
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