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Introduction to Balance Sheets

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Introduction to Balance Sheets
  • Description
  • Outcome
  • Certification
  • 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.

  • 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.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Modules List( 2 )
  • Module 1: Introduction to Balance Sheets
    • Introduction to Balance sheets
    • More on balance sheets and equity
    • Home equity loans
    • Renting vs. Buying a home
    • Renting vs. buying a home (part 2)
    • Renting vs. Buying (detailed analysis)
  • Module 2: Balance Sheet Assessment
    • Introduction to Balance Sheets Assessment
  • Module 1: Resource
Topics List ( 6 )
Module 1: Introduction to Balance Sheets
In this module learn more about balance sheets and how they are used in accounting.
Topics List ( 1 )
Module 2: Balance Sheet Assessment
You must score 80% or more to pass this assessment.
Course Features
  • Duration

    1-2 Hours

  • Publisher

    Khan Academy

  • Video


  • Audio


  • Assessment


  • Certification


  • Price


  • Reward

    50 Pts

  • Responsive


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