The Accounting Equation and Financial Statements Business owners and managers, regardless of form and size of their organizations, put their best efforts in generating enough assets to pay for business's liabilities and build adequate stockholders' equity. The basic accounting equation offers us a simple way to understand how these three elements – assets, liabilities, and stockholders' equity – relate to each other. Every economic activity, or transaction, in an organization affects two or more of these elements. It is therefore important to understand how these elements, and the underlying transactions, appear in financial statements that provide a summary of a business's performance over a period of time. This course aims at familiarizing learners with the basic accounting equation and financial statements. You are introduced to the accounting equation and how given transactions affect the specific accounts using the debit and credit rule. This course also presents the key characteristics of financial statements and how they are related to each other.

1. Certificate of Completion
The State University of New York at Potsdam
and the program in Organizational Leadership and Technology,
in association with the National Education Foundation
and the CyberLearning Academy, hereby recognizes
Kareem Farag
for completion of the training course
Accounting Fundamentals The Accounting Equation and Financial Statements
Presented on this 15th day of May, 2015
Credit Hours: 1