FA1 - Introduction to Financial Accounting

In this Module we explore accounting terminology and learn to prepare the income statement, statement of changes in shareholders' equity, and the balance sheet. Basic financial ratios are analyzed.

[BorisMediaProds]

I just wanted to put this here fo everyone. I took financial accounting this year for the first time without any prior knowledge. I didn't really go to class nor did I go to any of my lab sections. I came across this channel, and this playlist just a few days before my first midterm. I watched every video and paid close attention to how you do things. Fast forward to now, I scored 94% on both midterms without ever stepping foot into a class, or labs, or reading the textbook. Your videos are that good, they literally taught me everything I needed to know, fast and effective.

[prestonlee]

JUST WATCHED THE WHOLE SERIES BEFORE MY EXAM. I DID GREAT. TONY BELL IS A STUD. TONY IS THE GOAT AT EXPLAINING FINANCIAL ACCOUNTING. PUT SOME RESPECT ON HIS NAME.

[turtlepoolservices]

[EDIT 2022/01/15]: Thanks for the likes and thank yous, you're all welcome!

1:19 Assets (Anything you or a company owns/controls that's of value)
8:05 Liabilities (Anything a company owes)
10:28 Share holders equity (A = L + SE) "Owners piece of the pie"
15:26 Revenue (Company doing what it does to earn money)
16:08 Expenses (Costs of earnings)
16:38 Dividends (Profits) If revenue exceeds expenses then profitable

[jellyfish]

Not only is he the bestest prof ever in the whole entire world, he is an amazing human being too. I took financial accounting with him. He made the course seem so easy. Much success and happiness to you sir

[matthewconnolly]

I just graduated with my masters and a friend recommended this with me as a review before my first job search. I cannot wait to refresh myself, and I cannot thank you enough for making this!

[yousefalbalushi]

One of the clearest explanations of financial accounting can be found here .

[rachela]

I am an accounting major and am currently taking my first accounting class. This series of videos has helped me more than anything! You have made some concepts that I found to be very confusing make a lot of sense. Thank you so much! :)

[nonchalanthabibi]

I completed my highschool with science as major but now I have financial accountancy subject in my university and believe me i didnt understand anything until i watched your videos, thank you so much

[conorrichard]

Hi Professor Bell,


I'm currently an undergraduate student at UC Berkeley studying economics and data science and just wanted to give you a shoutout for how helpful your videos are!


Your videos made me more interested in accounting and I decided to take financial accounting and managerial accounting as a result.

[miroa]

Hello Tony!I am from Uzbekistan and we have no Great teachers like u here.I wanna thank you personally for these awesome classes and thanks YouTube for giving opportunity to study from all around the world!Best teacher ever.

[MagneticNorthGIS]

Don't bother buying the textbook for your Financial Accounting course - save yourself the money and go through this instead. This course is worth the $10/mo. Trust me!! I had a HORRIBLE Financial Accounting instructor at my school and this course got me an A in it without ever opening my textbook. Easy to digest and packed with great content. Print out the workbook! Thank you

[logicalnetwork]

This is probably the best channel on accounting i have across. Narrator explains everything so well and keeps it interesting. Great job.

[Ihadtochangethisusername]

To anyone who is starting financial accounting watch all of Tony's videos as you are taking the course it will make your life so much easier and you will understand the material so much more efficently. I found these videos by the end of my financial accounting class and they helped me understand the course so much more.

[jessicalee]

Your videos are amazing!! Im taking financial accounting and was struggling deeply with comprehending it all especially on the financial statements as we kept adding more. Your videos cleared up so many questions and put in terms i could understand. I feel more confident about my next test, especially after i bombed the first. Thanks!

[NikkiArmijo]

I really appreciate your videos. I’m currently doing online schooling with no lectures. It all reading and I have been passing but having a horrible time retaining. I have been keeping up in my reading and watching your video and it has been a tremendous help.

[hillarynkunja]

I appreciate your professionalism, compassion and commitment to your profession. You are the best. Thank you Sir
.

[joyalsonu]

The instance for the shareholders equity is phenomenal 💡😁🔥

[austinmattingly]

I’m taking a Financial Accounting class right now and it’s honestly like learning a foreign language to me. I just came across your channel today and have been able to get more information here than my college class. Thank you so much for this!

[tulipmoore]

I was starting to doubt I could do this accounting course with the material I had and you have saved the day!
Thank you so much!!

[DC_]

Starting my MBA in a couple of months and came across these videos, I feel a lot more comfortable about financial accounting as my first course knowing these are here as a resource. Thank you!