Financial Accounting The Easy Way

Learn the easy way to solve financial accounting problems and master accounting effortlessly!

These on-demand tutorials are designed specifically to help accounting students learn accounting concepts with simple and clear solutions to accounting problems in easy-to-grasp, bite-sized steps. Transform confusion into confidence!

Each product is just $9.97 per month.

After purchase, you can watch the videos or take the tests as many times as you want within the 30-day timeframe.

The subscription does not auto-renew. But you are welcome to purchase a resource again if you need access for a longer period of time.

The Easy Way: Accounts Payable

Accounts Payable is an account you’ll use frequently. It’s a Current Liability and represents the amount of money you owe creditors. In this video, you’ll see some common Accounts Payable transactions and how they differ from cash transactions.

Video length in minutes: 8:15

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The Easy Way: Accounts Receivable

Accounts Receivable is an account you’ll use frequently. It’s a Current Asset and represents the amount of money customers owe you. In this video, you’ll see some common Accounts Receivable transactions and how they differ from cash transactions.

Video length in minutes: 10:05

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The Easy Way: Straight Line Depreciation

Depreciation is the systematic allocation of a fixed assets cost over its useful life. There are a handful of ways to calculate deprecation, but one of the most common ways is using a Straight-Line method. In this video, we’ll cover how to calculate depreciation expense, accumulated depreciation, and the book value of a fixed asset using the Straight-Line depreciation method. Additionally, you’ll see the journal entry to record.

Video length in minutes: 5:54

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The Easy Way: General Ledger

Using a General Ledger is part of the Accounting Cycle and it’s crucial to understand for your accounting class. Transactions are posted to it and adjustments are made to General Leger accounts. In this video, we’ll cover how to post journal entries to the General Ledger and other General Ledger concepts.

Video length in minutes: 3:59

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The Easy Way: Solving Problems Using T-Accounts

T-Accounts are extremely helpful when your doing accounting. Your Accounting class will be so much easier if you understand the concept of T-Accounts and know how to apply them to homework, quiz, and test questions. In this video, we’ll cover how to solve accounting questions using T-Accounts.

Video length in minutes: 14:05

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The Easy Way: Statement of Cash Flows Indirect Method

In this video, we’ll cover how a Statement of Cash Flows is prepared using the Indirect Method. We’ll review the different sections of the Statement of Cash Flows (Operating, Investing, and Financing) and what makes up these sections. Additionally, we’ll review a completed Statement of Cash Flows and see where the numbers come from (Balance Sheet, Income Statement, and additional information).

Video length in minutes: 16:45

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The Easy Way: Closing Journal Entries

In this video, we’ll cover how to record Closing Journal Entries. We’ll review how to close accounts for different company types (Sole Proprietorship, Partnership, and Corporations) using the Income Summary account (4 Journal entries). Additionally, we look at how to close out accounts using 1 Journal Entry.

Video length in minutes: 12:07

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The Easy Way: Bond Amortization Straight-Line and Effective Interest

In these videos, we’ll cover how to calculate Bond Amortization. The first video covers Bond Amortization using the Straight-Line method for Bonds issued at a Premium and Bonds issued at a Discount. The second video covers Bond Amortization using the Effective Interest method for Bonds issued at a Premium and Bonds issued at a Discount. See the images below for the examples covered in these videos.

Bond Amortization: Straight-Line

Video length in minutes: 8:34

Bond Amortization: Effective Interest

Video length in minutes: 11:51

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The Easy Way: Calculating Bond Issue Price

In this video, we’ll cover how to calculate Bond Issue Price using time value of money tables (Present Value of $1 & Present Value of an Ordinary Annuity of $1). Additionally, I’ll review calculating Bond Issue Price using the formulas. Bonds issued at Par, Discount, and Premium are covered in this video. See the image below for the examples covered in this video.

Video length in minutes: 13:41

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