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This course is designed to provide you with a solid foundation in understanding liabilities within an accounting context. By examining real-world examples and case studies, you will gain insights into the balance between debt and equity, and how this balance affects a company's financial strategy and risk profile. The course aims to equip you with the knowledge and skills necessary to assess financial debt and equity, ultimately contributing to the financial stability and success of any business. This short course is part of the previous Master Track Certificate in Business Essentials. You may also be interested in a related short course from this program, "The Basics of Accounting for Assets: Long-Term Assets."