7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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Finance for

Non-Financial Professionals

Module 1

with David Standen, D.B.A.

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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The Accounting Equation:

Assets = Liabilities + Equity

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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Assets = Liabilities + Equity

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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The Accounting Equation:

Assets: What I have

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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The Accounting Equation:

Liabilities: What I owe

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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The Accounting Equation:

Equity: What I own

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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The Accounting Equation:

Assets: What I have

Liabilities: What I owe

Equity: What I own

Assets = Liabilities + Equity

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7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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$50,000

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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$50,000

$30,000

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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$50,000

$20,000

$30,000

What I owe

7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting

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$50,000

$20,000

$30,000

Assets = Liabilities + Equit

Equity

Liabilities

Assets

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