Introduction to bookkeeping and accounting

Introduction

In this free course, Introduction to bookkeeping and accounting, we introduce you to the essential skills and concepts of bookkeeping and accounting. To start with you will gain some practical skills in numeracy including learning about rearranging simple equations as well as some important calculator skills. Afterwards, you will gain knowledge and understanding of the fundamental principles that underpin bookkeeping and accounting. You will learn the time-honoured 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).

Please note that this is an untutored course and direct feedback on any incorrect answers given in activities is not provided.

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This OpenLearn course provides a sample of level 1 study in Business & Management.

You might be interested in a more recent Open University course, B124 Fundamentals of accounting

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This course has been included in the National Careers Service to help you develop new skills.