Learning Outcome

  • Learn about the basics of Accounting
  • Understand fundamental Accounting equations
  • Learn how to interpret and understand FOUR main financial statements
  • Learn different accounting policies
  • Learn about working capital

Description

Welcome to Introduction to Accounting, a comprehensive journey into the core principles and policies shaping the accounting landscape. This course is designed to provide you with a solid foundation in accounting, equipping you with the knowledge to understand and analyse financial information.

In the first section, you’ll explore the essence of financial accounting, delving into the double entry system and fundamental accounting rules. We’ll walk you through the financial accounting process and how financial statements are generated, including an in-depth look at the basic accounting equation and the four key financial statements. You’ll also learn how to define and classify accounts through a chart of accounts, and differentiate between external and internal transactions. A short exercise will reinforce your understanding.

In the second section, we focus on accounting policies. You’ll uncover the major accounting policies that companies must decide upon, including depreciation policies and the control of operational fixed assets. We will examine inventory accounting and controls, along with revenue accounting and expense accounting. Lastly, we’ll discuss working capital management.

By the end of this course, you will have a thorough understanding of the fundamental concepts and policies in accounting, enabling you to navigate the financial aspects of any organisation.

Course design

The course is delivered through our online learning platform, accessible through any internet-connected device. There are no formal deadlines or teaching schedules, meaning you are free to study the course at your own pace.

You are taught through a combination of

  • Video lessons
  • Online study materials

Certificate of Achievement

Endorsed Certificate of Achievement from the Quality Licence Scheme

After successfully completing the course, learners will be able to order an endorsed certificate as proof of their new achievement. Endorsed certificates can be ordered and get delivered to your home by post for the only £89. There is an additional £10 postage charge for international students.

CPD Certification from Cambridge Open Academy

After successfully completing the assessment of this course, you will qualify for the CPD Certificate from Cambridge Open Academy, as proof of your continued professional development. Certification is available in PDF format, at the cost of £9, or a hard copy can be sent to you via post, at the cost of £15.

Endorsement

This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example, progression routes into further and/or higher education. For further information, please visit the Learner FAQs on the Quality Licence Scheme website.

Method of Assessment

To assess your learning, you have to complete the assignment questions provided at the end of the course. You have to score at least 60% to pass the exam and to qualify for Quality Licence Scheme endorsed, and CPD accredited certificates. 

After submitting the assignment, our expert tutor will assess your assignment and will give you feedback on your performance.

After passing the assignment exam, you will be able to apply for a certificate.

Why study this course

Whether you’re an existing practitioner or aspiring professional, this course will enhance your expertise and boost your CV with key skills and a certificate attesting to your knowledge.

The Introduction to Accounting course is open to all, with no formal entry requirements. All you need is a passion for learning, a good understanding of the English language, numeracy and IT, and to be over the age of 16.

Lecture-1.What is Financial Accounting 00:13:00
Lecture-2. Accounting Double Entry System and Fundamental Accounting Rules 00:10:00
Lecture-3.Financial Accounting Process and Financial Statements Generates 00:14:00
Lecture-4.Basic Accounting Equation and Four Financial Statements 00:21:00
Lecture-5.Define Chart of Accounts and Classify the accounts 00:07:00
Lecture-6. External and Internal Transactions with companies 00:12:00
Lecture-7.Short Exercise to Confirm what we learned in this section 00:06:00
Lecture–8.What are Major Accounting Policies need to be decided by companies 00:06:00
Lecture-9.Depreciation Policies 00:12:00
Lecture-10.Operational Fixed Asset Controls 00:13:00
Lecture-11.Inventory Accounting and Controls 00:11:00
Lecture-12.Revenue Accounting and Controls 00:08:00
Lecture-13.Expenses Accounting and Working Capital 00:12:00
Assignment – Introduction to Accounting 1 week, 2 days
Order Your Certificate 00:00:00

Certification:​

Once you have successfully completed this course, you will receive a PDF certificate as a proof of your accomplishment. The hardcopy certificate is also available for the cost of £9.99.
Note: Delivery of hardcopy certificate is free within the United Kingdom. However, to obtain a hardcopy certificate, International students will have to pay additional fees based on their location.

review-star

I have studied a few courses and have…

I have studied a few courses and have found the whole experience quick and efficient, and believe the courses will help contribute to my job in the Healthcare. Fabulous!

review-star

A clear and concise course

This self-paced course delivers clear, high-quality content on political science fundamentals, ideal for beginners. It builds confidence in key topics like political theory, institutions, the British constitution and Parliament, US government, elections, and doctrines (liberalism, anarchism, conservatism, nationalism). The flexible format fits busy schedules. Highly recommended for aspiring international relations professionals seeking internships or jobs—it broadens knowledge and strengthens foundational skills.