Session Date
Lesson Topic
Liabilities, Assets, Equity, and Balance Sheets.
Lesson Outline
Liabilities, Assets, Equity, and Balance Sheets. Importance of Equity as a measure of current financial health and stability. Balance Sheet use to determine Equity or Net Worth: Differences between a Budget and a Balance Sheet. The significance of Equity in qualifying for a Bank Loan or other business loans to start a business, obtain a mortgage etc. Identification of Current (short term) Liabilities and Assets.
Discussion of Long-Term Liabilities (payback periods longer than 1 year) and examples of Long-Term
(Fixed) Assets and investments. Review of HW assignment.
Discussion of Long-Term Liabilities (payback periods longer than 1 year) and examples of Long-Term
(Fixed) Assets and investments. Review of HW assignment.
Assignment
None.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
Despite experiencing some current family difficulties outside of class, Aiden was able to maintain a reasonable focus and interest in today's important lesson topic of Liabilities, Assets, and Equity.
Session Hours
0.75
Hours Attended
0.75
Entry Status
Review Status
Student Name(s)
Subject
School