Free course

Introduction to bookkeeping and accounting

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Learn about the essential numerical skills required for accounting and bookkeeping. This free course, 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.

Course learning outcomes

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.

First Published: 07/06/2013

Updated: 08/04/2020

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