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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.


Join 4,489 other students.
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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.

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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Course Rating (By Learners): 4 stars based on 39 reviews
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: Post-Secondary
Validation: Level 5
ALISON Testing: Yes
Certification Availability
PDF Download: Yes
Parchment: Yes
Framed Certification: Yes

Study for Free at Your Own Pace! Start This Course

  • aaa
    Suharda Silva Sri Lanka Grate I learned a lot about renting a house and buying one and much more. 2015-05-15 10:05:09
  • aaa
    Phillip Daniel United States of America A very interesting course. It's not exactly what I expected, but I still learned a lot from it. I will probably watch the videos again. 2015-02-26 16:02:44
  • aaa
    Patrick Reforsado United States of America Great presentation layout. 2015-02-25 04:02:26
  • aaa
    Lynn Rattenberry United Kingdom This course is very interesting and easy to understand 2014-10-23 16:10:23
  • aaa
    Noel Stennett Jamaica Very useful. 2014-09-02 01:09:58
  • aaa
    mahenthirarasa krishnakumar Sri Lanka is easy 2014-08-26 04:08:20
  • aaa
    Melissa Allen-jackson United States of America Nice clear & concise course 2014-08-12 00:08:13
  • aaa
    Abdirahman Ibrahim Djibouti it is ok 2014-08-11 11:08:37
  • aaa
    Ivy Jane Jordan Philippines very easy to understand 2014-06-12 07:06:59
  • aaa
    emma howorth United Kingdom very interesting course in balancing sheet 2014-05-20 22:05:43
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Free, Online Introduction to Balance Sheets Course.