The Accounting Equation

Business Tools for Career Readiness

Finance for Non-Financial Professionals Module 1

with David Standen, D.B.A.

The Accounting Equation: Assets = Liabilities + Equity

Assets = Liabilities + Equity

The Accounting Equation: Assets: What I have

The Accounting Equation: Liabilities: What I owe

The Accounting Equation:

Equity: What I own

The Accounting Equation: Assets: What I have Liabilities: What I owe Equity: What I own Assets = Liabilities + Equity

$50,000

$50,000

$30,000

$50,000

$30,000 What I owe

$20,000

Assets = Liabilities + Equity Assets

$50,000

Equity

$30,000 Liabilities

$20,000