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Introduction to Balance Sheets


Introduction to Balance Sheets

Introduction to Balance Sheets

Learn more about balance sheets and how they are used.


Students: 3,518
Course Description

The balance sheet is a basic accounting concept used to calculate how much cash, assets and liabilities are in our accounts at the end of the day. Knowing how to work through a basic balance sheet is an essential skill that everybody should know how to do and balance sheets are an excellent way to put your personal finances into perspective on paper.
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In this free online course the basics of balance sheets are discussed with particular regards to the case study of buying a house versus renting a house, and topics such as assets, liabilities, equity and marking to market are reviewed. This free online course will be of interest to the average lay person wishing to learn about balance sheets and how they can use balance sheets to organise their finances when deciding to invest in property or take out a loan for whatever reason.

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Certification

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to your Diploma certificate will then appear under the My Certificates heading of your My Account page.

Learning Outcomes

Learning outcomes: - Understanding the basic accounting concept of balance sheets; - Examine personal finances using balance sheets; - Learn the pros and cons of personal debt when considering a loan; - Overall clearer idea of how one would approach using balance sheets.


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Module Title
Module 1: Introduction to Balance Sheets
Module 2: Balance Sheet Assessment

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Background  
Course Rating (By Learners)
Course Title Introduction to Balance Sheets
Course # 454
Course Publisher Khan Academy
Course Category 9
Content Origin
Course Description  The balance sheet is a basic accounting concept used to calculate how much cash, assets and liabilities are in our accounts at the end of the day. Knowing how to work through a basic balance sheet is an essential skill that everybody should know how to do and balance sheets are an excellent way to put your personal finances into perspective on paper. In this free online course the basics of balance sheets are discussed with particular regards to the case study of buying a house versus renting a house, and topics such as assets, liabilities, equity and marking to market are reviewed. This free online course will be of interest to the average lay person wishing to learn about balance sheets and how they can use balance sheets to organise their finances when deciding to invest in property or take out a loan for whatever reason.
License  This course is available from Khan Academy OpenCourseWare through the following Creative Commons licence:
Creative Commons License
Release Date 12 July 2012
   
Content  
Course Duration (Avg Learner) 1-2 Hours
Video/Audio High
Audio Only High
Animation None
Assessments Yes
 
Education Level
Age appropriateness 18+ Years
Minimum Grade/Class Level Higher High Secondary School
 
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download Yes
Parchment Yes
Framed Certification Yes
   
Merchandise Availability
Marketing Information
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Course Forum  View

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  • Lynn Rattenberry United Kingdom This course is very interesting and easy to understand 2014-10-23 16:10:23
  • Noel Stennett Jamaica Very useful. 2014-09-02 01:09:58
  • mahenthirarasa krishnakumar Sri Lanka is easy 2014-08-26 04:08:20
  • Melissa Allen-jackson United States of America Nice clear & concise course 2014-08-12 00:08:13
  • Abdirahman Ibrahim Djibouti it is ok 2014-08-11 11:08:37
  • Ivy Jane Jordan Philippines very easy to understand 2014-06-12 07:06:59
  • emma howorth United Kingdom very interesting course in balancing sheet 2014-05-20 22:05:43
  • Pierre Alberts South Africa Excellent 2014-05-04 12:05:59
  • Tasneem Rajaa Egypt The video was very interesting and I can clearly understand it . 2013-03-27 20:03:54
  • Ako Lawrence Papua New Guinea Course Module: Module 1: Introduction to Balance Sheets
    Course Topic: Introduction to Balance sheets
    Comment: clear and understanding :-) 2012-12-19 04:12:24
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Free, Online Introduction to Balance Sheets Course.