Featured byThe Open University by FutureLearn
Overview
Discover how money flows in personal and business environments and develop the skills to manage your finances with this online accounting and bookkeeping course from the Open University. This Bookkeeping for Personal and Business Accounting program is offered from The Open University by FutureLearn.
You’ll master common terms, basic maths and gain the ability to put your knowledge into practice. After this course you’ll be able to perfectly balance your books and understand how concepts of profit and loss lead to revenue or debt.
Develop ideas through conversation
This course is not facilitated. Learners are encouraged to support one another, share personal experiences, and see new perspectives.
What will you achieve?
By the end of the course, you‘ll be able to...- Describe and define bookkeeping and accounting
- Explain the general purposes and functions of accounting
- Explain the differences between management and financial accounting
- Describe the main elements of financial accounting information – assets, liabilities, revenue and expenses
- Identify the main financial statements and their purposes
- Apply the essential numerical skills required for bookkeeping and accounting
- 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
- Produce a trial balance, balance sheet and a profit and loss account
Programme Structure
Courses included:
The reasons and objectives of management and financial accounting, including stewardship, control and accountability
Key terminology including income and expenses, assets and liabilities, profit and loss statements and the balance sheet
Intermediate numerical skills including BODMAS, ratios, percentages, fractions and negative numbers
The test of reasonableness and the table of equivalencies
Manipulating equations and formulas
Business entity and the dual aspect concepts
The relationship between the accounting equation and double-entry bookkeeping
Recording transactions in the appropriate ledger accounts using the double-entry bookkeeping system
Key information
Duration
- Part-time
- 1 months
- 3 hrs/week
Start dates & application deadlines
We did our best, but couldn't find the next application deadline and start date information online.
Language
English
Delivered
Online
- Self-paced
- No Attendance
- Proactive tutoring and support
- Individual work/assignments (with online group discussions)
Disciplines
Finance Accounting International Business View 71 other Short Courses in Finance in United KingdomAcademic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
This accounting course is for anyone wanting an introduction to bookkeeping and financial accounting.
It might be of particular interest to small business owners, people who are self employed or those wanting to better manage their own finance. You don’t need any previous experience.
Tuition Fee
Funding
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
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