Courses Finances: Introduction to bookkeeping and accounting

Finances: Introduction to bookkeeping and accounting

Learn about the essential numerical skills required for accounting and bookkeeping with Open Learn.

Cost: £0.00 Free for all users

1 sessions • Self paced course

Course type: self-paced

Level: Beginner

Host: Open Learn

Course content

1. Finances: Introduction to bookkeeping and accounting
"Self-paced"


Learn about the essential numerical skills required for accounting and bookkeeping.


This free course with Open Learn, Introduction to bookkeeping and accounting, explains the fundamental rules of double-entry bookkeeping and how they are used to produce the balance sheet and the profit and loss account.


After studying this course, you should be able to:


  • understand and apply the essential numerical skills required for bookkeeping and accounting
  • understand and explain the relationship between the accounting equation and double-entry bookkeeping
  • record transactions in the appropriate ledger accounts using the double-entry bookkeeping system
  • balance off ledger accounts at the end of an accounting period
  • prepare a trial balance, balance sheet and a profit and loss account

  • Meet your host

    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.

    Open Learn

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