Study Finances : Fundamentals of Accounting with Open Learn

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This course will introduce you to the essential concepts and skills of bookkeeping and accounting. This course is 8 hours in duration, recommended to be broken up into 2 hours per week over a 4 week period.

To start with you will learn about the fundamental difference between bookkeeping and accounting.

In Week 1 you will also learn how the purpose of management accounting differs from that of financial accounting.

In Week 2 you will gain some practical skills in numeracy, including learning about rearranging simple equations such as the accounting equation.

In Week 3 you will gain knowledge and understanding of the fundamental concepts that underpin double-entry accounting. You will also learn the rules of double-entry bookkeeping and how to record transactions in ledger accounts.

In Week 4 you will learn how to prepare a trial balance and the balance sheet (also known as the statement of financial position). You will also be introduced to the income statement (also known as the profit and loss statement) and how it fits with the accounting equation and the balance sheet.


Course duration : 8 hours

You can start this course straight away. Please follow the link in your confirmation email to take you directly to the course.


This is an access anytime e-learning resource provided free of charge in association Open Learn

(If you do not receive a confirmation email please check your spam/junk email boxes or sign into  the ‘Your Account’ section of the Learning Hub website to retrieve all of your booking and course information)


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