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Financial Accounting, Short Course

  • Application Deadline
  • 5 months
University rank #501 (WUR) Online
The Financial Accounting programme is offered The Open University UK is for you if you want a route into the accountancy profession or need to gain fundamental accounting skills for a management or other role. 


By studying the Financial Accounting programme is offered The Open University UK, you will gain an understanding of how financial statements are prepared and develop the skills to prepare financial statements. You will explore differences in financial accounting for different businesses, building an understanding of the frameworks underpinning accounting and audit practice. 

By the end of the module you will be able to:

  • review and illustrate the purpose, context and environmental influences and constraints on financial accounting and business practices
  • explain and evaluate the need for ethics in the behaviour of accountants and the need for independent auditing in the reporting process of public and large enterprises
  • explain and review the relations between corporate governance, auditing and financing
  • explain and review issues of business law and how they relate to financial accounting and management.

You will have a tutor who will help you with the study material and mark and comment on your written work, and whom you can ask for advice and guidance. There will also be four tutorials and one day school which you are strongly encouraged to attend. Where tutorials and day schools are held depends on the distribution of students taking each module.

Detailed Programme Facts

  • Programme intensity Part-time
    • Average part-time duration 5 months
  • Credits
    30 alternative credits
  • Languages
    • English
  • Delivery mode

Programme Structure

You will learn how to:

  • prepare financial statements based on application of accounting concepts, regulations and principles
  • identify, classify, measure and summarise the elements of financial statements applying accounting principles and concepts
  • explain and interpret the purpose, form and content of the three main financial statements; income statement, balance sheet and cash flow statement
  • use simple mathematics for the purpose of calculations in bookkeeping, accounting and preparing/analysing financial statements, including basic ratio analysis.

English Language Requirements

This programme may require students to demonstrate proficiency in English.

Academic Requirements

This is an OU level 2 module and you need to have a good knowledge of financial accounting, obtained either through OU level 1 study or by doing equivalent work at another university.

Tuition Fee

  • EU/EEA Applies to you

    1464 GBP/full
    Tuition Fee
    Based on the original amount of 1464 GBP for the full programme and a duration of 5 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.


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