Accountants define an asset as: “…a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.” [1]

Accountants define an asset as: “…a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.” [1]

One of the challenges of teaching financial literacy is developing an assessment of where individual students and the entire class is at in regards to their knowledge and habits. The following self-assessment tool is a non-scientific method to perform this evaluation.
