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Module 1 Lecture 1 -- The Building Blocks of Accounting

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Page 1: Module 1 Lecture 1 -- The Building Blocks of Accounting

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

Page 2: Module 1 Lecture 1 -- The Building Blocks of Accounting

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.

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The Accounting Equation:

Assets = Liabilities + Equity

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Assets = Liabilities + Equity

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The Accounting Equation:

Assets: What I have

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The Accounting Equation:

Liabilities: What I owe

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The Accounting Equation:

Equity: What I own

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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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$50,000

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$50,000

$30,000

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$50,000

$20,000

$30,000

What I owe

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$50,000

$20,000

$30,000

Assets = Liabilities + Equit

Equity

Liabilities

Assets

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