FA1 - Introduction to Financial Accounting 

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

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.

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.

This series was great. I passed my accounting class thanks to Tony. I'll be back for the managerial accounting series when I take that class. I 1000/10 recommend watching this series if you're struggling in financial accounting. Thanks Tony!

50 year old MBA appreciating your presentation and knowledge. I don't get to use this material everyday so it was a nice refresher for me.

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!!

Man... Ever been in a position where you're basically fighting with your finger not to press that like and subscribe button and yet there's nothing you can do about it? This is what perfection and passion looks like. These videos are done perfectly and passionately. THANK YOU!

This is why people tend to say to learn better, you need to forget what you know first. I am a full time accountant with 1 year experience. This saying just applied to me now. I am blown away by how simple Tony puts it. As I always know the accounting equation, A = L + SE, I never thought of it as you bought a house $300k as assets, took out loans $200k, so you will have $100k profit if you sell it. I just had like an OMG moment when I went "duh". As an ESL person, I always thought SE term is so complicated, not to mention dividend, common shares, retained earnings and how they all link together. I can't wait to watch the rest of the Financial Accounting playlist as well as Managerial Accounting (what I struggled the most during college). Pure gold knowledge that Tony put out there for free on RU-vid. Thank you so much!

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!

I almost watched every video and click every like button beneath them. Thank you Bell ! it is very useful to my accounting class.

Thank you for explaining this I failed accounting twice and the third time I didn't even show up for my exam but your video just gave me confidence. Thank you 🙂

Hello there, I appreciate your clear explanation videos, you made complex problems be easy for us, I pray that you have a life that is full with happiness and ease.

Thanks for your valuable videos, I'm currently studying FA in my uni for the first time and it's a bit difficult for me to fully understand what my pro said and what she showed on powerpoint as well. But, I find it easy from your lessons. Thanks for all !!!

I just started my Financial Accounting course today and was dumbfounded in reading the textbook. I do all of my classes online due to the current covid pandemic, and was on the verge of tears during the practice tests. Thank you for putting these videos together. Quick question, one of my problems mentioned a company paying 4,000 in advertising expenses. How would I be able to allocate that expense in a business transaction

Your definition is the best, Sir. Please keep uploading of your teaching

Thank you so much Tony, you helped me pass my class since my teacher just made us read the textbook and do the exams. I could not have learned all of this myself! Onto my second acct class this winter quarter!!

Thank you very much sir .I really had difficulties in understanding accounting but I find it easier now

I am taking Intro to Accounting right now and your videos help me retain information! I just subscribed TYVM

hi mr bell I just wanted to say thank you so much for your videos I watched them before an exam I had for retake for the fifth time and i passed 🎉 thank you so much 🙏🏻

Your tutorials are life, thank you.

My grandad and my mum and my uncle all know accounting and they think id like it, I’m absolutely not a fan of maths but this video gives to hope to one day do my mums work for her just to flex on her.

Best explanation ever ... thanks so much professor.... love from india

many thanks it amazing explanation with very simple way really appreciated

The best explanation.

This was so helpful. Thank you so much for putting this together!!

thank you for doing what my teacher couldnt

Thank you so much, this was extremely helpful.

Sir, Huge thanks for your videos!

you saved my day

A company would usually be interested in assets that fall under the last three, because something like marketing would go in that category, but to your credit (pun not intended) of course you won’t cover that in accounting because you judge assets which can be readily converted into cash and you said there’s a number on that. although there are ways of somewhat judging the success of something like marketing even if you don’t have an exact number of how much of it contributed to financial success or failure

He talks to me like I’m an 8 year old and it’s so helpful

Could you tell me please Is this exactly FA1 Foundation in accountancy lessons?

Does anyone know if his videos can help teach you material for the Financial Accounting CLEP exam?

Thank you

Thank you for this Sir. But I wanna ask a question. So my teacher gave us an activity wherein we're going to identify the given example if it is an asset, liability, or equity. I'm so confused because he included revenue and expenses. I believe it's not asset, liability, or equity. Or am I wrong? Please enlighten me because I honestly understand the concepts of the three but now I'm confused because of this activity.

well done good job

Sir Tony,do you have videos on shareholders equity and preferred/ common shares? Maybe im not looking in the right place

Thank u so much sir

Hi Prof, do you have any videos on Revenue Recognition please?

Hi Im taking A-Levels now so shareholder's equity is basically capital right?

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.

thank you

[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

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

what my professor try to explain in 3 hours, not including his personal history of course, Tony Bell explain in under 20 minutes

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!

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! :)

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

Woahhh! Your explanations are so clear and understandable. Thank you so much !

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 RU-vid for giving opportunity to study from all around the world!Best teacher ever.

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.

3:00 Assets technical definition 8:50 liability technical definition 13:02 Shareholders equity 15:26 Revenue 16:08 Expenses 16:38 Dividends

You have done God's work for students like us who are a little confused about accounting. Love from INDIA ❤

Hi Tony. RU-vid memberships haven’t been released in my country. Is there anyway I can become a member?

Awesome lecture! I totally get it now. Before hearing this lecture i was like how am I going to ever get this lol Thank you so much, Professor!!!

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!

Thank you so much for this. This whole playlist has helped me so much with my exam.

Such a great way of explaining, friendly, repetitive and helpful! I'm a non-accounting student but have one accounting course within my textile and clothing management studies. Exam is in a month's time and I hope I can pass using your videos as a foundation! First one looks super promising and gives me hope. Thank you so much for this channel!!!

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.

"What's my beauty? Not much i would guess" 😂😂😂😂

I offer my sincere jubilant and elated brand images to the way of your phenomenal exquisite teaching style sir! You're a game changer for a vast majority of people who are in goodwill to study!

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 Tony!!!!!

Hi, your videos are great for beginner to understand financial accounting. I am not majoring in accounting, I am an electrical engineer.

I can tell that you are the best thank you so much professor :)

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

Thanks Prof, It's simple but amazing ..now I understand better about Financial Accounting, and correct understanding about Asset, Liabilities, Shareholder Equity, Revenues, Expenses, Dividends and ready to learn 2nd Modul😊

Thanks a lot, Mr. Bell! I am in a financial accounting course this semester, for a gen ed, and I would've likely failed my first test if I didn't find your videos. I just got an 88 on my test and plan on watching this entire series at the pace of my course. Thanks so much! Your teaching style works very well.

here I am two days before the final exam

Hello I'm from Uzbekistan and study at South Korea I have hotel accounting class at university and I have difficulties to understand teacher's lesson I wanna be good at this subject at class, does your course help me?

I love the way you explain everything in a very simple way many professors cant do that, you should be very proud of yourself! By the way you are saving my life it is the first time that i actually was able to understand anything :) !

Your style of teaching is AMAZING!! you teach so effectively and effortlessly which makes everything so easy . I am going to opt for Financial Accounting in my first year without having any knowledge about it. But i am sure your videos are going to make everything easy for me . THANK YOU SO MUCH SIR !!

This is got to be the BEST explanation I’ve yet to come across!!! Thank you soooo muchh

May you have good fortune my online professor! Haha, saved your playlist, Im a 1st year college student and have a major subject in Financial Accounting. Thanks for the amazing playlist.

Hi professor, it’s me, Sophie from Australia! so you changed the lecture? Seemingly I have new ones to learn!

🎯 Key Takeaways for quick navigation: Assets are things of value that a company owns or controls, and they can be reliably measured. Common examples include cash, accounts receivable, inventory, and property, plant, and equipment. Liabilities are future economic obligations that a company owes and must repay in the future. Examples include accounts payable, notes payable (like loans and mortgages), and wages payable. Shareholders' equity is what remains for the shareholders or owners after all assets are sold, debts are paid off, and it represents their piece of the company. Common components of shareholders' equity include common shares, preferred shares, and retained earnings. Revenues are the income generated by a company when it does what it does to earn money. Examples include sales revenue, tuition revenue, and rent revenue. Expenses are the costs incurred by a company to earn its revenue. Examples include salary expenses, utilities expenses, and maintenance expenses. Dividends are when shareholders withdraw profits from the company, reducing retained earnings and the shareholders' equity. Made with HARPA AI

I passed the accounting course with an A+, thank you big time, I couldn't do it without you

Hey, you. Yeah, you. I have been in your shoes. This stuff may seem like a lot of information. It is, but with determination and the right mindset, you can do it. But beware, a 4-year accounting degree is not easy. Many late nights and frustrating exams are in your future. By the time you graduate, you will know all this stuff like then back of your hand!

Is there any difference between business accounting and financial accounting,please help.Thank you

thank you so much professor Tony for this amazing playlist , I'm a student from Morocco and we study in universities in french language but I couldn't find anyone that explains accounting better than you . Thank you so much for your incredible explanations

I see a lot of negative reviews about learning from RU-vid. Now I know why people do that. They probably see content like this as a threat to their own techniques of teaching. I have learnt more from RU-vid than I did by paying for education at university. RU-vid is just like any traditional university. The only difference is here it is virtual and you have to be dedicated to learning as no one will hold your hand to guide you. But then here you have the option to learn from multiple instructors at one time. That cannot be a bad thing.

Can we see intermediate accounting taxation course in this channel please!

Starting my BSc in Accounts in January at age 31. Can't wait...so i am prepping from now. I need a 4.0 GPA. Bettee late than never

Do you have a video of post-closing trail balance?

Perhaps the most valuable asset is time because once you “spent” that, it can never be gained back!

You are amazing

really beneficial for students of non business background who took business studies specially in foreign countries like canada......thanks a lot and keep on going

Wow you explain it very well! I can also see now, the reason why assets like beauty, health and diplomas are hard to attach a number to is because they cannot be traded to find its associated market value that easy.

Thanks so much! I've been completely lost for my first 2 lectures. And the prof always calls on me to answer questions and I have to say "I don't know" and then I just look so stupid. I appreciate your help!!❤

I'm your new subscriber😍😍🤗🤗..thanks for the lecture... you're making it easier for me to understand accounts...

This guy is actually so sick! I had my doubts about taking this class but now I'm enthused

Thanks for these videos going to be going through them all. I am using them to learn more about the background of accounting to supplement course work I did in High School. As I am switching careers to Accounting or hoping to from my not as appealing Government work. Which means getting either another bachelors degree or more likely a Masters in Accounting. So this is partially review and partially learning.

i am a student of Nepal where buddha was Born. Your explanations are just wow. It is so clear and understandable. It was very difficult for me to understand financial account and now I easily understand what Assets, Liabilities, SE ,revenue and so on are. Thankyou very much. Love from Nepal.

The list of assets is very much depend on personality, some have more than the others. Bank account, company stocks one owns, treasury bonds, money lending in long or short term to the other, gold, silver, and jewellery. Valuable painting, antique article. Life insurance can be considered an asset depending on the context and how it's structured. High school or academic diplomas are "unvalued asset" or a "contingent asset." Account receivable is irrelevant, because very seldom somebody set up an account for not receive money from a third party!

Hello Tony! Thank you for the explanations, they are great. I also want to view the members-only content. But I cant join the channel as I could not find the join button. It does not appear on your profile for some reason. Could you please help me?

I'm struggling in my fin. accounting course as I've never taken an accounting course. So I logged on to youtube and Mr. Bells' videos were the first to pop up. Thank god I clicked them. He's such a great teacher and I can finally understand the course. Thank you Mr. Bell!!!

I’m currently taking Financial Accounting I ‐ Accounting Fundamentals I’m really hoping this will help me I’m really not understanding what my proof is talking about and I’m afraid to fail as he did say more the 40% of his class usually fails…. Hoping and praying I can learn from these videos

Hello would you be able to do video on payroll? I have learned alot from your videos. I am currently doing the Intoit with quickbooks training program and they are not doing a good job explaining.Everytime I have trouble with a subject I go straight to your videos.

He mentions that if the company chooses to pay out a dividend then the shareholder's equity will go down. Wouldn't this lead to an imbalanced equation, though? I assume this is an issue he covers further down the line, but can anyone briefly explain why this is possible?

Great video just starting your accounting videos beautifully explained with simple examples

Sir, please what if I borrow an amount of $200 and add it to my $100 to purchase a car of $300 and later on sell the car at $3500. please does that mean my equity will be $150?