Assets and Liabilities. Assets- Items you own that have a value Liabilities- Debts you owe Net worth- Value of assets minus liabilities Checking Account.

Slides:

Advertisements

Similar presentations

Mrs. Wilson Business Essentials. This lesson provides information about money management basics and the reports used to measure financial progress.

Advertisements

Current Ratio Calculate the current ratio using the information above. Remember, the current ratio is Monetary Assets/Current Liabilities.

Financial Literacy Class 2: Net Worth and Banking.

C H P ERSONAL F INANCIAL S TATEMENTS. Goals: Explain the basics of money management. Create a personal balance sheet. Develop a personal cash flow.

Personal Financial Statements Ch PoB  Money Management – refers to the day-to-day financial activities associated with using limited income.

ASSETS, LIABILITIES, AND OWNER’S EQUITY MANAGEMENT INFORMATION SYSTEMS II - FINANCIALS.

Stock Market Analysis and Personal Finance Mr. Bernstein Personal Financial Statement, pp February 19, 2015.

Which one calculates Net Worth?

Balance Sheets Analyzing Assets, Liabilities, & Equity.

Understand a financial statement. Objective 2.02.

Net Worth Statement. Assets Current Assets a)Items that are tangible and can quickly be converted to cash or that will be sold within12 months Examples.

Financial Statement Basics BDI3C. Major Financial Statements  Balance Sheet Individual: Net Worth Statement  Income Statement  Cashflow Statement.

Debt-to-Equity Ratio Debt-to-equity ratio is another simple ratio Debt to Equity Ratio is used to: – Calculate Net Worth – Give you a picture of your long-term.

Ch Personal Finance Personal Finance. How much money will the average American earn in their working lifetime? (35 years) How much money will the.

Policy #13: Banking 1.Taxing, spending, and borrowing is monetary policy. 2.Trading a Coke for a Sprite is also called bartering. 3.Cutting taxes on the.

Use an appropriate SAE record system to substantiate SAE activities 2.02.

Personal Financial Statements Chapter 12 Personal Financial Statements The Balance Sheet.

Using Credit Wisely Ch. 14. Understanding Costs  Before you can compute the cost of credit, you have to know four things:  The amount you are borrowing.

Do Now: If you were going to give someone a loan, what would be some factors you would consider?

Balance Sheets By: Cheyenne McMillin. Assets  Cash – what I plan to have saved after one year - $1,000  Accounts Receivable – amount before profit -

It’s all about the Benjamins baby.

“I’ve got a great job and no bills. I still live at home

Accounting 11 Unit 1 – Financial Position

Topic 4 – Allocating Your Money

POB 4.01 Part 3 – Income Statements & Balance Sheets

CREATION OF MONEY USING T-ACCOUNTS

Tracking Your Progress

Personal Finance Balance Sheet

Disclaimer: The views expressed are those of the presenter and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve.

Longwood University 201 High Street Farmville, VA 23901

Final Monthly Budget Financial Literacy Monthly Budget.

Aim: Can I create a personal balance sheet

© 2014 Cengage Learning. All Rights Reserved.

Chapter 1 The Balance Sheet

Money Management Strategy Personal Financial Statement

Business and Personal Finance

Introduction to the Balance Sheet

Property and Financial Claims

*No Checking Account Payday Loans* Gain Advance Cash to Meet Your Financial Woes

STARTER Choose one below to complete:

Personal Finance Vocabulary

Section 3.2 Personal Financial Statements

“Where Did All the Money Go?”

Measuring Your Financial Health and Making a Plan

Credit Scores Interest on Debt and Interest on Savings

AP Macro Unit 5: T-accounts

Practicing good business relations in the Animal Science Industry

Money Management Grand total: $, Retirement total: $, Retirement

Statement of Financial Position

© 2014 Cengage Learning. All Rights Reserved.

General Money Management & Personal Savings and Investment

Maintaining Records in the Animal Industry

Session Two A Financial Physical

Chapter 3 Business Transactions and the Accounting Equation

14.4 Figuring out a Net Worth statement

Employment Planning Animal Science II.

Financial Records 9.0 Class Notes.

Policy #13: Banking Taxing, spending, and borrowing is monetary policy. Trading a Coke for a Sprite is also called bartering. Cutting taxes on the wealthy.

Accounting for a Service Business Unit 1.1

Accounting 101 By Megan Rees.

© 2014 Cengage Learning. All Rights Reserved.

Personal Financial Literacy: Personal Debt

Ch. 1 What is Accounting?.

2-3 Other Measures of Business Activity

Making that money 2.00 Understand financial records & work-based learning opportunities in natural resources.

QuickBooks Accounting 101.

Chapter 4 Financial Decisions and Planning

Presentation transcript:

Assets and Liabilities

Assets- Items you own that have a value Liabilities- Debts you owe Net worth- Value of assets minus liabilities Checking Account Savings Account Cash Car Home (equity) Land Loan payoffs Credit Card debt Borrowed money

ItemValue ($) cash Car loan Credit card debt Jewelry (owned) Savings Ex1) List assets and total value. Cash Jewelry Savings Total Assets Ex2) List liabilities and total debt. Car loan Credit card debt Total Liabilities Ex3) Figure the net worth = Since this a positive value, you own more than you owe A negative value, you owe more than you own

Essential Question Explain the difference between and asset and a liability.