ACIS 2115 at Virginia Tech

Online, On-demand ACIS 2115 Exam Review

Looking for an exam review for ACIS 2115? You're in luck, I made videos covering that whole class! And you just found them.

My name is Aaron and I made this site, recorded 101 videos, and wrote 79 practice problems for ACIS 2115. You can watch them any time, anywhere. Including right now... without having to leave your house.

I've helped hundreds of students learn financial accounting.

The reason that people love my videos so much is because I explain accounting in a way that actually makes sense. I hear that over and over from my students. Let me help you understand accounting.

Don't take my word for it What Some of My Former Students Have Said

Completely changed the way I understood Accounting. These videos got me through the class! Nathan, Spring 2016
These videos alone helped me get a B in accounting this semester. I didn't go to class at all. Thanks so much! Natalia, Spring 2016

(Please go to class.)

Thanks for making this site, it came in clutch for every exam. Lane, Spring 2016

Need something specific? You can just shoot me an email at [email protected]. It's totally common for me to walk people through concepts over the phone, too. Since this is the internet, I'm not going to put my cell phone on this page, but shoot me an email and we can chat.

It's possible I have office hours coming up too, so check out that page here: acis2115.com/office-hours.

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Check out All of the Videos

    Topic 1
    Introduction to Financial Accounting

  1. The Accounting Equation

    3:02

  2. Assets vs Liabilities

    5:32

  3. Shareholder's Equity

    5:26

  4. The Balance Sheet

    5:52

  5. The Statement of Retained Earnings

    5:51

  6. The Income Statement

    6:19

  7. The Statement of Cash Flows

    6:02

  8. How the Statements Work Together

    9:02
    9. There are 5 practice problems in this topic.
    I just want to let you know that since I've started your videos (the past two tests) I have gotten two 94s!!! I just wanted to say thank you so much you do a great job!
    — Abby, Fall 2017

    Topic 2
    The Financial Statements

  9. Current Assets

    9:57

  10. Non-Current Assets

    10:25

  11. Current Liabilities

    6:24

  12. Non-Current Liabilites

    2:00

  13. Contributed Capital

    5:10

  14. The Classified Balance Sheet

    4:48

  15. The Multistep Income Statement

    12:44

  16. Retained Earnings vs Shareholder's Equity

    6:41

  17. Ratios: Working Capital

    2:29

  18. Ratios: Current Ratio

    4:00

  19. Gross Profit vs Net Profit

    6:15

  20. Profit Margin

    3:22
    21. There are 6 practice problems in this topic.
    I didn’t find your site until second half of the semester last spring and wish that I had used it all along!
    — Hunt, Spring 2019

    Topic 3
    Journals, Ledgers, T-Accounts, and Normal Balances

  21. T-Accounts

    3:15

  22. Debits and Credits

    6:49

  23. Determining Normal Balances For Assets & Liabilities

    10:04

  24. Determining Normal Balance for Shareholder's Equity

    11:53

  25. Normal Balance Shortcut: Double Entry

    11:51

  26. Normal Balance Shortcut: DEAD Mnemonic

    2:36

  27. The Journal, Ledger, Trial Balance

    14:00
    28. There are 9 practice problems in this topic.
    This website helped me pass the class, which is a miracle. The videos were easier for me to understand than the textbook, my tutor, and my professor.
    — Claire, Fall 2016

    Topic 4
    Accrual Accounting and Adjusting Entries

  28. Cash vs. Accrual Accounting

    7:21

  29. Expense Recognition

    8:07

  30. Accruals and Deferrals

    15:07

  31. What is an Adjusting Entry?

    4:11

  32. Adjusting Entry: Supplies

    1:54

  33. Adjusting Entry: Wages

    4:52

  34. Adjusting Entry: Unearned Revenue

    2:11

  35. Adjusting Entry: Interest

    2:03

  36. Contra-accounts

    4:40

  37. Depreciation

    7:10

  38. The Closing Process

    10:37
    39. There are 18 practice problems in this topic.
    Your site was a great crash course for procrastinators like me, and watching your videos at 2x speed along with my lectures was enough to do well on the exam.
    — Nathan, Fall 2019

    Topic 5
    Inventory

  39. COGS and Inventory

    2:57

  40. Net Sales

    10:03

  41. Perpetual vs Periodic

    7:10

  42. FOB Shipping?

    8:51

  43. Transportation In

    8:41

  44. COGS

    6:18

  45. Drawbacks to Periodic

    6:07

  46. Specific Identification

    2:17

  47. Weighted Average

    4:21

  48. FIFO and LIFO

    20:17

  49. Estimating with Gross Profit

    7:23
    50. There are 8 practice problems in this topic.
    Your videos have truly helped more than I could ever explain! They gave me such a good guideline for how to solve problems, and how you go through each problem step-by-step makes accounting seem so much easier.
    — Caitlyn, Spring 2018

    Topic 6
    Cash and Bank Reconciliations

  50. Cash and Cash Equivalents

    7:52

  51. Bank Reconciliations: What and Why

    9:38

  52. Bank Reconciliations: How

    20:57

  53. Debit and Credit Memos

    5:21

  54. Fixing Mistakes in Bank Recs

    8:32
    55. There are 2 practice problems in this topic.
    The videos were clear and easy to understand and the breakdown into short simple videos was nice. That way you weren't having to watch an hour long lecture when all you needed was 5 minutes of information.
    — Kyle, Spring 2016

    Topic 7
    Accounts Receivable

  55. A/R and Bad Debts Introduction

    7:09

  56. Direct Method

    4:15

  57. The Allowance Method

    8:56

  58. Income Statement vs Balance Sheet Methods

    13:14

  59. Net Credit Sales

    5:20

  60. Write Offs and Reinstatements

    8:26
    61. There are 4 practice problems in this topic.
    Thank you for your website and great/clear teaching abilities!
    — Julie, Fall 2017

    Topic 8
    Fixed Assets and Depreciation

  61. Acquisition Cost of Assets

    13:23

  62. Lump Sum Purchases

    6:01

  63. What is Depreciation?

    11:23

  64. Straight Line Depreciation

    4:33

  65. Double Declining Balance

    13:58

  66. Units of Production

    3:43

  67. Partial Year Depreciation

    5:50

  68. Capital vs. Revenue Expenditures

    10:42
    69. There are 5 practice problems in this topic.
    I just wanted to say thank you for all of the time you have put into this website! All of the videos and practice really helped me improve my accounting grade.
    — Sarah M., Fall 2019

    Topic 9
    Liabilities

  69. Interest Bearing Notes

    8:26

  70. Non-interest Bearing Notes

    6:16

  71. Contingencies

    5:58
    72. There are 3 practice problems in this topic.
    I was crying outside the classroom about my grade and a stranger walked up and told me to watch these videos.
    — Anonymous, Fall 2018

    Topic 10
    The Time Value of Money

  72. What is Present Value

    8:15

  73. Simple vs Compound

    14:41

  74. PV of a Lump Sum

    4:39

  75. PV of a Lump Sum

    6:09

  76. Ordinary Annuity

    7:16

  77. Purchasing with an Annuity

    4:31

  78. Finding the Payment

    6:07
    79. There are 1 practice problems in this topic.
    Completely changed the way I understood Accounting. These videos got me through the class!
    — Nathan, Spring 2016

    Topic 11
    Bonds

  79. Intro to Bonds

    10:04

  80. Discounts and Premiums

    7:34

  81. Selling at a Discount

    7:15

  82. Selling for a Premium

    8:11

  83. Amortization

    21:42

  84. Borrowing Cost

    6:33

  85. Interacting with Market Rates

    5:30

  86. Retiring Bonds

    9:54
    87. There are 5 practice problems in this topic.
    Your website led me to what will hopefully (final grades haven't been posted) be an A in accounting. I told everyone I know taking the class next semester to not waste their money on the tutoring services and to go to your site.
    — Monte, Spring 2016

    Topic 12
    Shareholder's Equity

  87. Shareholder's Equity

    5:12

  88. Stock Classifications

    4:19

  89. Issuance of Stock

    6:37

  90. Treasury Stock

    11:11

  91. Cash Dividends

    9:58

  92. The Effect of Cash Dividends

    6:08

  93. Stock Dividends

    13:48
    94. There are 6 practice problems in this topic.
    I could not have finished this course without your help. I really appreciate how concise you are with your words and how you take the time to create clear visuals when explaining concepts.
    — Emma, Fall 2016

    Topic 13
    Cash Flows

  94. Cash Flow Overview

    6:02

  95. Operating Cash Flows

    18:41

  96. Indirect Method

    14:26

  97. Investing Cash Flows

    5:14

  98. Financing Cash Flows

    3:17

  99. Depreciation in Cash Flows

    5:50

  100. PPE for Cash Flows

    2:39

  101. Bringing it All Together

    13:57
    102. There are 7 practice problems in this topic.
    I would like to genuinely thank you because without you I wouldn't have passed the class.
    — Marcos-Anton, Spring 2019

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