Most people think math is a big part of financial accounting. That it is difficult. It is not the math (adding, subtracting, multiplying, division) that gives most students the issue. It is the math concepts which give students the most trouble: 1) Assets = Liabilities + Equity and 2) Debits = Credits. The main equation to keep balance at all times is: Assets = Liabilities + Equity. Assets equal the pie. The parts of the pie is Liabilities and Equity. The parts should always equal the total. For example, your house value (asset) = your mortgage (liabilities) + difference goes to you (equity). Now, we are talking about cost, not market. Debits equal credits equation makes proving A = L + E easier. If DR = CR, then the accounting equation is balance. Period. An absolute. Transactions are recorded using debits and credits. Thing, learn the normal balances (plus side) for accounts. Some accounts will go up with debits; some accounts will go up with credits. The math concept which gives students the most trouble. Reason for the equations to balance, the financial statements will balance. Financial statements are based upon the accounting equation.