YIS Unit 5 Speaking the Langauge of Finance Lesson 1

Open Ended

Before you decide if you should invest, what questions  would you want to ask her?

Open Ended

Why do companies prepare financial statements?

What do you already know about financial statements? 

Do you use financial statements in your personal life?

Do you know the names of any financial statements?

Open Ended

Financial statements are used in your personal life too. Do you know of any personal financial statements and how are they used?

​https://www.youtube.com/watch?v=Gyu5LnWSn5Y

Open Ended

Explain why the balance sheet is important...

Multiple Choice

What is in asset?

• Something of value the company owns

• Money the company owes

• What's left over after you pay your bills

Multiple Choice

What is a liability?

• Something of value the company owns

• Money the company owes

• What's left over after you pay your bills

Multiple Choice

What is equity?

• Something of value the company owns

• Money the company owes

• What's left over after you pay your bills

Open Ended

All things equal, would you rather have more or less liabilities?

Draw

Create a Net-Worth Statement