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Introduction to Balance Sheets
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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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.
|Module 1: Introduction to Balance Sheets|
|Module 2: Balance Sheet Assessment|
|Course Rating (By Learners)|
|Course Title||Introduction to Balance Sheets|
|Course Publisher||Khan Academy|
|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:|
|Release Date||12 July 2012|
|Course Duration (Avg Learner)||1-2 Hours|
|Age appropriateness||18+ Years|
|Minimum Grade/Class Level||Higher High Secondary School|
|Case Study||We are currently seeking case studies for this course. Click here to Submit One|
|Course Advisor||We are currently seeking subject experts regarding this course. Click here to become a volunteer subject expert advisor|