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Diploma in Higher Education Studies

Assets, liabilities and capital

HES 201 · Introductory Accounting — Week 4 of 16

CourseHES 201
Week4 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Assets, liabilities and capital

  1. What a business owns
  2. What a business owes
  3. The owner’s capital

What you will be able to do

  • 2.1 Apply Assets = Liabilities + Capital to simple transactions.

Activity

Sort a list of items into assets and liabilities.

Study materials

Further resources

  • Principles of Accounting Vol. 1, ch. 2.2: Assets, liabilities, equity, income, expenses · PDF · OpenStax (2019), what a business owns and owes; pp. 67–70 · for registered students
  • Introduction to Business 2e, ch. 14.4: The balance sheet · PDF · OpenStax (2026), assets, liabilities and owner's equity (capital); pp. 484–486 · for registered students
  • The Economics of Small Business Finance: Equity and Debt in the Financial Growth Cycle · Open-access article · Berger & Udell (1998), Journal of Banking & Finance. Owners' capital versus debt: what a business owes and to whom. · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 3Week 5
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Course plan
  • Week 1: Why businesses keep financial records
  • Week 2: Who uses accounts?
  • Week 3: Income, expenses and profit
  • Week 4: Assets, liabilities and capital
  • Week 5: The accounting equation
  • Week 6: Double entry: debits and credits
  • Week 7: Recording sales, purchases and cash
  • Midterm: Midterm evaluation
  • Week 9: The income statement (profit and loss)
  • Week 10: The balance sheet
  • Week 11: Profit is not the same as cash
  • Week 12: Cash flow forecasts
  • Week 13: Ratios: how profitable is the business?
  • Week 14: Ratios: can the business pay its bills?
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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