Introduction to bookkeeping and accounting
Introduction to bookkeeping and accounting

This free course is available to start right now. Review the full course description and key learning outcomes and create an account and enrol if you want a free statement of participation.

Free course

Introduction to bookkeeping and accounting

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.

Tell us what you think! We’d love to hear from you to help us improve our free learning offering through OpenLearn by filling out this short survey [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] .

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

B190_1

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has nearly 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to university level study, find out more about the types of qualifications we offer, including our entry level Access courses and Certificates.

Not ready for University study then browse over 900 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus