Skip to content

Introduction to the context of accounting

Free Course Free Course

Revenue, profit and loss, balance sheets are these accounting terms that intimidate you? This free course, Introduction to the context of accounting, will help you to understand the very basics of accounting, from its historical beginnings to the objectives of modern day accountants. You will learn how an accountant in business balances conflicting demands to maximise market share and profit.

After studying this course, you should be able to:

  • describe accounting's primary objective
  • explain what is meant by inputs to and outputs from the accounting information system
  • explain the relationship between data, data processing, data summarisation and information
  • explain the difference between data and information
  • describe the five main characteristics of 'good' information.

By: The Open University

Share on Google Plus Share on LinkedIn Share on Reddit View article Comments

Study this free course

Enrol to access the full course, get recognition for the skills you learn, track your progress and on completion gain a statement of participation to demonstrate your learning to others. Make your learning visible!

Introduction to the context of accounting


Unit image

Through a series of activities and practical examples, this course provides a broad overview of the field of accounting, including: its origins and objectives, the nature of accounting information and accounting information systems, and accountancy’s role in helping organisations meet their objectives.

This OpenLearn course provides a sample of postgraduate study in Business [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)]

Tags, Ratings and Social Bookmarking


Your rating None. Average rating 4.6 out of 5, based on 5 ratings