Examination should include

definition of net worth statement and identification of its components (a statement showing one’s financial position, calculated as follows: assets − liabilities = net worth)
discussion of the purposes of a net worth statement (usefulness as an analytical tool; usefulness to creditors, investors, lenders, financial advisers)
identification of assets (e.g., checking and savings account balances, car value, personal property value)
identification of liabilities (e.g., car loan, mortgage loan, bank loan, credit card balances).

Examination should also incorporate the concept of a personal property inventory, to include

definition of personal property inventory (a list of all one’s personal property)
discussion of the purpose of a personal property inventory (e.g., its usefulness in the event of fire, theft, or property damage; a record of personal property value, useful in preparing a personal net worth statement)
identification of components of a current personal property inventory (digital photographs or videos of personal property, along with an electronic database inventory)
description of safe storage of the inventory records.