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7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 1/16
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
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 3/16
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
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 7/16
The Accounting Equation:
Assets: What I have
7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 8/16
The Accounting Equation:
Liabilities: What I owe
7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 9/16
The Accounting Equation:
Equity: What I own
7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 10/16
The Accounting Equation:
Assets: What I have
Liabilities: What I owe
Equity: What I own
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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$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
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 14/16
$50,000
$20,000
$30,000
What I owe
7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting
http://slidepdf.com/reader/full/module-1-lecture-1-the-building-blocks-of-accounting 15/16
$50,000
$20,000
$30,000
Assets = Liabilities + Equit
Equity
Liabilities
Assets
7/25/2019 Module 1 Lecture 1 -- The Building Blocks of Accounting
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