ACIS 2115 at Virginia Tech

1. The Accounting Equation

in Topic 1 (Video 1 of 8)
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The most fundamental part of accounting is the Accounting Equation: A = L + OE. We'll go over what it is, why it matters, and even touch a little bit on Double Entry Accounting.

This Video Mentioned Some Formulas

Assets = Liabilities + Shareholder's Equity (Or Owner's Equity)

The Rest Of The Videos

1 The Accounting Equation
You are here. 		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
Topic 2 →

Topic 1 Practice Problems

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1 Matching Basic Vocabulary Easy
2 Account Classifications Moderate
3 Solving for Net Income Moderate
4 Tying the Statements Together Moderate
5 Solving for Retained Earnings Hard

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