MODULE

Fundamentals of
Accountancy, Business,
and Management 2

Acctg2 Mr. Albert B. Martinez, LPT, MBA

Fundamentals of Accountancy, Business, and Management 2 1

MODULE 1
Activity 1: Motivation (prepare a personal Statement of Changes in Equity)

In the space provided you will be computing your personal equity. Given below are the procedures
in your activity 1:

a. Write five assets (anything you owned) convert non cash assets into monetary value.
b. Write your liabilities including your debts to your friends, family members, and parents.
c. Deduct your computed total liabilities from your computed total assets.
d. The net amount you computed is designated as your equity.

Assets: Liabilities

1. 1.
2. 2.
3. 3.
4. 4.
5. 5.
Total Assets Total Liabilities

1. Based on what you computed, how was your assigned equity affected by your liabilities?
(How- Minimum of 2 sentences only)
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Fundamentals of Accountancy, Business, and Management 2 2

MODULE 1