Have you ever found yourself staring blankly at a balance sheet, not knowing what the numbers on it represent? Do words such as assets, liabilities, and net worth send you into a panic? The principles of accounting can be intimidating, but by gaining a basic understanding of a balance sheet, you may be able to identify potential financial problems within your organization. In this course, you will learn about the inner workings of the balance sheet and about the stockholders’ equity section.
Explain the basic formula for the balance sheet (assets equal liabilities plus equity).
Describe the relationship of the balance sheet to the income statement.
Describe the difference between a stock and a bond.
Explain the workings of the stockholders’ equity section.
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Continuing Education Units (CEUs) and Professional Development Units (PDUs) cannot be converted into academic credit. It is the student's responsibility to confirm whether or not CEUs/PDUs earned at University of Phoenix will be accepted by employers and/or applicable licensing agencies.
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