Balance Sheets: 03. Assets and Liabilities

Balance Sheets: 03. Assets and Liabilities is an elearning course that is designed to define what makes up an asset and what makes up a liability. Designed for the non-financial employee, this course explains the role and classifications of assets and how to identify and record them on a balance sheet. This course is the third in our series on Balance Sheets, which is part of a larger series called Introduction to Financial Statements. It features a short video with audio narration, downloadable materials, and a quick quiz. Take this course along with others in the Balance Sheet series to learn more about this handy financial tool.

Learning objectives:

• Identify the different kinds of assets and liabilities for balance sheets. Calculate current and non-current assets accurately. Define proper accounting procedures for current and long-term liabilities