About This Learning Opportunity

Build foundational bookkeeping and accounting skills, including essential numerical techniques, double-entry bookkeeping, ledger accounts, trial balances, balance sheets and profit and loss accounts.

What You'll Learn

Understand and apply essential numerical skills used in bookkeeping and accounting; understand the relationship between the accounting equation and double-entry bookkeeping; record transactions using ledger accounts; balance ledger accounts at the end of an accounting period; prepare a trial balance; understand balance sheets and profit and loss accounts; and understand how income, expenses, assets, liabilities and capital are recorded.

Who Is This Learning For?

Suitable for: Young job seekers, aspiring bookkeepers, administrative workers, small-business owners, aspiring entrepreneurs, students and anyone wanting introductory bookkeeping and accounting skills.

Suitable for beginners interested in bookkeeping, accounting, finance, business administration, entrepreneurship or developing practical financial-recording skills.

Career relevance: Provides introductory bookkeeping and accounting knowledge relevant to junior finance and administration roles, small-business record keeping, entrepreneurship and further study in accounting or business.

Before You Start

Prerequisites: No formal prerequisites. Basic arithmetic skills are useful, although the course introduces the numerical skills required for bookkeeping and accounting.

Enrolment: Create or use a free OpenLearn account and enrol in the course to track progress, access all quizzes and activities, and receive the free Statement of Participation.

Access notes: The course can be started free without signing up. A free OpenLearn account is required to track progress, earn the free Statement of Participation and access all course quizzes and activities.

Cost & Certificate

Learning cost: Free to Learn

Certificate type: Free Certificate

Certificate details: Free Open University Statement of Participation available on completion.

Certificate cost: Free

Provider recognition: Official free OpenLearn course provided by The Open University. Learners who complete the course can earn a free Statement of Participation.

Accreditation: The Statement of Participation recognises completion of the free OpenLearn course and should not be represented as a formal Open University qualification or academic credit.

PNG & Pacific Suitability

Relevant to Papua New Guinea and Pacific Island learners seeking foundational bookkeeping and accounting skills for employment, business administration or entrepreneurship. Core concepts such as double-entry bookkeeping, ledger accounts, trial balances and financial statements are transferable, although learners should follow applicable local accounting, taxation and regulatory requirements.

Low-bandwidth suitability: Yes

Offline learning support: Yes

Learning Access & Support

Delivery: Online with downloadable materials for offline study

Learning format: Self-paced online course with readings, examples, numerical exercises, activities and quizzes

Language: English

Internet: Internet connection required for the complete online learning experience, account features and online activities. Downloadable Word and PDF versions are available for offline study.

Device requirements: Internet-connected computer, tablet or smartphone for the complete online experience. Downloadable Word and PDF versions are available for supported offline study.

Learner support: OpenLearn provides platform guidance, account support and learning resources. This is a self-directed course rather than a tutored course.

Trust & Disclosure

WebsoftPNG Learning is a learning discovery and guidance service. Courses listed in our catalogue are provided by their respective learning providers unless specifically stated otherwise.

Course availability, pricing, certificate options, schedules and provider requirements may change. Please confirm the latest information on the provider's website before enrolling or making a payment.

Use the information provided by WebsoftPNG Learning as a guide and review the provider's current course information before deciding to enrol or purchase.