At this point, it is usually fun to ask how many people have more liabilities than assets. A joke or comment about the need to study accounting may be appropriate. This represents the completion of their first financial statement. You can then write the accounting equation on the board and compare it to the completed Balance Sheet. This hands-on exercise gets the students busy right away with some accounting vocabulary and with their own personal finances.
Students usually leave the class commenting about their financial condition.
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