🎥 Concept lesson
Financial Accounting
Watch this lesson before moving to the related practice problems.
Chapter 1Chapter 2Chapter 3Chapter 4Chapter 6Chapter 7Chapter 8Chapter 9Chapter 10Chapter 11Chapter 12
Chapter 1
Back to top ↑Financial Accounting and Basic Financial Statements
1. Learn the concepts
2. Practice and check your work
✏️ Practice 1
Basic Financial Statements
Download the problem, try it on your own, then use the walkthrough and solution to check your work.
Chapter 2
Back to top ↑Debits, Credits, and the Balance Sheet
1. Learn the concepts
🎥 Concept lesson
Debits and Credits
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🎥 Concept lesson
The Balance Sheet
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2. Practice and check your work
✏️ Practice 1
Journal Entries and Balance Sheet - New Company
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✏️ Practice 2
Journal Entries, Trial Balance, and Balance Sheet - Established Company
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Chapter 3
Back to top ↑The Income Statement
1. Learn the concepts
🎥 Concept lesson
The Income Statement
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2. Practice and check your work
✏️ Practice 1
Journal Entries and Income Statement
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✏️ Practice 2
Exercise 3-13 from textbook
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Chapter 4
Back to top ↑Adjusting Entries and the Closing Process
1. Learn the concepts
🎥 Concept lesson
Adjusting Journal Entries
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🎥 Concept lesson
The Closing Process
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2. Practice and check your work
✏️ Practice 1
Adjusting Journal Entries
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✏️ Practice 2
Financial Statements, Closing Entries, and Post-closing Trial Balance
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✏️ Practice 3
Complete Accounting Cycle
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Chapter 6
Back to top ↑Inventory Purchases, Sales, and Multi-Step Income Statements
1. Learn the concepts
🎥 Concept lesson
Inventory Purchase and Sale Entries/ Multi-step Income Statements
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2. Practice and check your work
✏️ Practice 1
Inventory Purchase & Sale Entries
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Chapter 7
Back to top ↑Inventory Costing
1. Learn the concepts
🎥 Concept lesson
Inventory Costing
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2. Practice and check your work
✏️ Practice 1
Inventory Costing
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✏️ Practice 2
LCM
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Chapter 8
Back to top ↑Receivables and Bad Debts
1. Learn the concepts
🎥 Concept lesson
Extending Credit and Accounting for Bad Debts
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🎥 Concept lesson
Notes Receivable
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2. Practice and check your work
✏️ Practice 1
Allowance Method Entries
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✏️ Practice 2
Notes Rec Interest Due at Maturity
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✏️ Practice 3
Notes Rec Interest Accrued Every Quarter
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Chapter 9
Back to top ↑Long-Term Assets and Depreciation
1. Learn the concepts
🎥 Concept lesson
Long Term Assets and Depreciation
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🎥 Concept lesson
Other Long Term Asset Topics
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2. Practice and check your work
✏️ Practice 1
Depreciation
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✏️ Practice 2
Disposals
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✏️ Practice 3
Changes in Depreciation
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Chapter 10
Back to top ↑Liabilities
1. Learn the concepts
🎥 Concept lesson
Liabilities
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🎥 Concept lesson
Notes Payable
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🎥 Concept lesson
Installment Notes
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🎥 Concept lesson
Bonds Payable
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2. Practice and check your work
✏️ Practice 1
Notes Payable Interest Due at Maturity
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✏️ Practice 2
Notes Payable Interest Accrued Every Quarter
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✏️ Practice 3
Installment Note
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Chapter 11
Back to top ↑Stockholders’ Equity
1. Learn the concepts
🎥 Concept lesson
Stockholders' Equity
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2. Practice and check your work
✏️ Practice 1
Stock Issuance, Treasury Stock, Dividends, and SE section of the Balance Sheet
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Chapter 12
Back to top ↑Statement of Cash Flows
1. Learn the concepts
🎥 Concept lesson
Statement of Cash Flows
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2. Practice and check your work
✏️ Practice 1
Statement of Cash Flows Problem
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Contact Dan Kelly
Questions about the course or a worked problem? Reach out by email, visit the office, or join the personal Zoom room.
📍 Office
Room 333E
ICC East Peoria Campus
Directions to My Office on the East Peoria Campus
Walk into the double doors to the left of the building closest to you when you are in the visitor lot (around the corner). Head to the open staircase—or take the elevator—and go up one floor to the café. Go past the art gallery into the academic hallway and turn right. About five doors later, the hallway takes a hard turn to the left; the office is immediately on the left.