These courses are an access anytime e-learning resource provided free of charge with Open Learn which anyone can join.
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.
This course is 8 hours in duration, recommended to be broken up into 2 hours per week over a 4 week period.
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)
All Open Learn courses and have been shared by permission of The Open University copyright © and have been licensed for use under the ‘Creative Commons ‘Attributions; Non-Commercial; Share Alike’ License.
For full information about the Open University visit Home | OpenLearn – Open University.
For any further questions or clarification around usage, visit Frequently asked questions | OpenLearn – Open University
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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.
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)
All Open Learn courses and have been shared by permission of The Open University copyright © and have been licensed for use under the ‘Creative Commons ‘Attributions; Non-Commercial; Share Alike’ License.
For full information about the Open University visit Home | OpenLearn – Open University.
For any further questions or clarification around usage, visit Frequently asked questions | OpenLearn – Open University
PRESS HERE to book now
Gain the skills to manage your personal finances: managing budgets, debts, investments, property purchase, pensions and insurance.
With real incomes falling and personal debt at a record high, there has never been a better time to improve your personal financial skills – Managing my money aims to do just that.
You’ll start by learning how to compile a budget and use it to make good decisions about your spending. You’ll explore debts and investments, and find out how mortgages are used to finance home ownership. The critical issue of pension planning is explained, with guidance on different pension products. You’ll finish by examining different types of insurance and getting practical advice on how to make rational decisions about which insurance products to buy.
Course Learning Outcomes
After studying this course, you should be able to:
- understand how to undertake financial planning, including drawing up a budget and a household balance sheet
- apply a systematic approach to making key financial decisions
- understand loans, mortgages and other debt products and their costs
- understand the main categories of personal investments, their characteristics and the returns they provide to investors
- understand pension products and how to undertake pension planning
- understand insurance products and how they are priced.
Course duration : 24 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)
All Open Learn courses and have been shared by permission of The Open University copyright © and have been licensed for use under the ‘Creative Commons ‘Attributions; Non-Commercial; Share Alike’ License.
For full information about the Open University visit Home | OpenLearn – Open University.
For any further questions or clarification around usage, visit Frequently asked questions | OpenLearn – Open University
PRESS HERE to book now
This course was created by The Open University in collaboration with Legal & General.
Planning your retirement is probably the most important aspect of financial planning for you to consider. Making the right decisions and building a sound financial plan can help to ensure that you have the quality of life in retirement that you aspire to. This course sets out the series of stepping-stones to a financially secure retirement. You’ll look at what you can do if your pension is not sufficient to cover your spending needs in retirement, and learn about the impact of divorce and bereavement on pensions and household finances.
Course Learning Outcomes
After studying this course, you should be able to:
- estimate how much money you’ll need in retirement
- understand how pensions – including the state pension – work and how much income they will offer in retirement
- understand the different options for taking money from pension pots and the pros and cons of each choice
- understand the options available should pension income not be enough to match your plans and lifestyle in retirement
- understand how events such as divorce and bereavement can impact your retirement finances and learn how to deal with them.
Course duration : 4 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)
All Open Learn courses and have been shared by permission of The Open University copyright © and have been licensed for use under the ‘Creative Commons ‘Attributions; Non-Commercial; Share Alike’ License.
For full information about the Open University visit Home | OpenLearn – Open University.
For any further questions or clarification around usage, visit Frequently asked questions | OpenLearn – Open University
PRESS HERE to book now
This course was produced by The Open University in collaboration with MoneySavingExpert.com and explores the mortgage products available in the UK market – their interest rate and other characteristics – and examines the factors involved in making good choices from the product range.
The course explains why and how mortgages can be actively managed by borrowers through such options as overpaying, offsetting and remortgaging.
The course also examines the mortgages from the viewpoint of the lenders, including the factors that affect their decisions about making mortgage advances.
By completing the course you will not only become more knowledgeable about the mortgage market but also more confident about making smart decisions about one of most important areas of personal finance.
Course duration : 2 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)
All Open Learn courses and have been shared by permission of The Open University copyright © and have been licensed for use under the ‘Creative Commons ‘Attributions; Non-Commercial; Share Alike’ License.
For full information about the Open University visit Home | OpenLearn – Open University.
For any further questions or clarification around usage, visit Frequently asked questions | OpenLearn – Open University
PRESS HERE to book now
