Course Level 1: Introductory

Estimated Study Time: 8-10 hours

Offered by: OpenLearn

In this course we introduce you to the essential skills and concepts of bookkeeping and accounting. To begin you will gain some practical skills in numeracy including learning about rearranging simple equations as well as some important calculator skills.

Next you will gain knowledge and understanding of the fundamental principles that underpin bookkeeping and accounting. You will learn the time-honored rules of double-entry bookkeeping and also how to prepare a trial balance and the two principal financial statements: the balance sheet (also known as the statement of financial position) and the profit and loss account (also known as the income statement).