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Introduction to bookkeeping and accounting
Introduction to bookkeeping and accounting

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Conclusion

This free course Introduction to bookkeeping and accounting has covered the skills and knowledge required to understand double-entry bookkeeping, the trial balance and the two principal financial statements: the balance sheet and the profit and loss account. Perhaps the most important aspect of accounting that you learnt is the knowledge that for all organisations and individuals their financial position or worth can be in expressed in the accounting equation i.e. Assets (A) – Liabilities (L) = Capital (C). By extending this simple equation to include income (I) and expenses (E) the accounting equation can also be expressed as A – L = C + (I –E).

This OpenLearn course provides a sample of level 1 study in Business & Management [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] .

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

Bookkeeping with the NEC

Accelerate your career with the ICB Level 2 Certificate in Bookkeeping online course with the National Extension College (NEC).

NEC's ICB Level 2 Certificate in Bookkeeping online course covers all the core elements of bookkeeping, ensuring you have the knowledge you need to keep on top of your business finances, to boost your skills for your job or become self-employed as a bookkeeper. You’ll cover all the key elements, including double-entry book-keeping, VAT, ledgers, wages and salaries, and balance sheets in a way that is engaging and easy to understand. This course offers flexible online learning with course materials developed by subject experts and tutor-marked assignments.

Enrol from £395, plus ICB membership fee.

Find out more about Bookkeeping here.