Finance and Accounts 1: Basic Principles

Economists and accountants work with money every day, but their perspectives about that money can be very different. An informative video from Crash Course Economics explores basic elements of microeconomics, including economies of...

What is the difference between the way an accountant calculates profit versus the way an economist calculates profit? Discover one take on the issue offered by Mr. Clifford, who reviews the concepts of explicit costs, implicit costs, and...

High school is the time that many scholars get their first jobs. Help young entrepreneurs apply economic principles to crucial skills for their new jobs and for functioning in society in general. They use Excel to balance a checkbook by...

Read any financial website or book, and it is bound to discuss the words asset and liability. But what do these words actually mean to the class? The resource effectively explains by using multiple formats and techniques, including...

Introduce learners to the vocabulary commonly used when discussing or learning about finance and accounting. Each term is fully defined, used in context, and also in an economic example. Liability, loss, assets, balance sheet, and gross...

Have you ever checked your clothes to see how many nations created them? Pupils take a deeper look at international trade and the balance of payments nations have with one another. They use calculations, simulations, and primary sources...

Students discuss hypothetical problems associated with price and profit. They discuss the fairness of profit, how it should be measured, and the consequences of setting acceptable levels of profit.

In order to effectively demonstrate depreciation of a capital asset, Sal outlines the COGS for a company over four years, including a factory tooling cost required every two years. As he calculates the operating profit, learners see that...

Young scholars use the key accounting ratios for profitability, liquidity and performance and calculate appropriate ratios. They interpret the results of the accounting ratio used.

Students calculate living expenses for a non-traditional career choice. They examine interest, balancing a checkbook, and financing cars and homes.