This Open Learn course will introduce you to the essential concepts and skills of bookkeeping and accounting. This course is 8 hours in duration, recommended to be broken up into 2 hours per week over a 4 week period.
Cost: £0.00 | Free for all users
1 sessions • Self paced course
Here's the full schedule for this course:
No sessions scheduled yet.
Each session is available on catch up for at least 7 days
Course type: self-paced
Level: Beginner
Host: Open Learn
This course with Open Learn will introduce you to the essential concepts and skills of bookkeeping and accounting. This course is 8 hours in duration, recommended to be broken up into 2 hours per week over a 4 week period.
To start with you will learn about the fundamental difference between bookkeeping and accounting.
In Week 1 you will also learn how the purpose of management accounting differs from that of financial accounting.
In Week 2 you will gain some practical skills in numeracy, including learning about rearranging simple equations such as the accounting equation.
In Week 3 you will gain knowledge and understanding of the fundamental concepts that underpin double-entry accounting. You will also learn the rules of double-entry bookkeeping and how to record transactions in ledger accounts.
In Week 4 you will learn how to prepare a trial balance and the balance sheet (also known as the statement of financial position). You will also be introduced to the income statement (also known as the profit and loss statement) and how it fits with the accounting equation and the balance sheet.
OpenLearn is The Open University’s free online learning platform, offering flexible courses designed to support both personal and professional development whilst building skills and knowledge at your own pace.
