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Course Overview
Embark on a transformative learning journey with the UK’s most innovative home study provider, offering courses designed to unlock your true potential and facilitate the career change you desire. Access our distance learning courses directly from anywhere, anytime, and acquire industry-recognised Professional Qualifications essential for advancing in your career.
Specifically, explore the flexible and convenient Fundamental Accounting of Small Business course, an ideal way to gain a diploma qualification. Whether you aim for further education, improved job prospects, or expanded knowledge, this comprehensive course allows you to prepare thoroughly for exams or careers through home study. Plus, it’s structured to be accessible and beneficial even if you have no prior knowledge in Fundamental Accounting of Small Business.
For every startup founder and business executive, gaining a fundamental understanding of finance and accounting is not just advantageous but imperative. The ability to decipher financial statements, analyse results, and comprehend the ramifications of business decisions is pivotal for effective leadership and strategic planning. This course, uniquely crafted and recorded during live sessions with startup founders lacking formal backgrounds in accounting and finance, serves as a tailored solution to bridge this knowledge gap.
Tailored for individuals who may be venturing into entrepreneurship without a financial background, the course is meticulously designed to ensure accessibility. The course content, pace, and explanations are fine-tuned to cater to users who are new to the complexities of accounting and finance. Recognising the diverse needs and challenges faced by startup founders, this class, the first of a five-day series, covers a range of foundational topics.
Participants delve into the fundamentals of accounting and financial statements, gaining insights into the principles that underpin these critical aspects. The course covers accounting practices, types of accounts, and the intricacies of financial statements, demystifying complex subjects for those navigating the entrepreneurial landscape. From understanding the relationship between profit and loss, balance sheets, and cash flow to exploring key accounting policies, the course offers a comprehensive overview of essential financial concepts.
Course Key Topics
the Fundamental Accounting of Small Business course is divided into 2 modules.
1 . Accounting Fundamentals
- What is Financial Accounting
- Accounting Double Entry System and Fundamental Accounting Rules
- Financial Accounting Process and Financial Statements Generates
- Basic Accounting Equation and Four Financial Statements
- Define Chart of Accounts and Classify the Accounts
- External and Internal Transactions with Companies
- Short Exercise to Confirm What We Learned in This Section
2 . Accounting Policies
- What are Major Accounting Policies Need to Be Decided by Companies
- Depreciation Policies
- Operational Fixed Asset Controls
- Inventory Accounting and Controls
- Revenue Accounting and Controls
- Expenses Accounting and Working Capital
(Please click on the curriculum tab above to see a detailed view of each module)
Tutor Support
Our Fundamental Accounting of Small Business course is designed to provide you with comprehensive materials to guide you through your learning journey. You’ll have the support of your own personal tutor, who will be there to assist you with your coursework and answer any questions you may have. Furthermore, our Student Advisors are always available to provide you with practical advice and guidance via the online portal, email or phone, ensuring that you’re fully supported throughout your studies.
Course Assessments
The Fundamental Accounting of Small Business course at Open Learning College is designed to provide a comprehensive and flexible learning experience. Unlike traditional exam-based courses, our course is marked through a process of continuous assessment, which is guided by your personal tutor and is an un-regulated course awarded by the Open Learning College via the Open Pathway Accreditation programme (OPA.dip).
This means that you won’t have to worry about memorising information for a final exam. Instead, you will have the opportunity to learn at your own pace and apply your knowledge through practical assignments and quizzes at the end of each module. Our online platform allows you to access the course from anywhere and at any time.
Once your assignments have been verified and assessed, you will be awarded a certificate of achievement from Open Learning College. This certificate confirms that you have met all of the learning outcomes and assessment criteria for the Fundamental Accounting of Small Business course, and demonstrates your competency and knowledge in this field. With this qualification, you can advance your career or pursue further studies in the field of Fundamental Accounting.
Course Duration
We recommend you spend approximately 2 hours of your time studying for Fundamental Accounting of Small Business course. The pace of study is completely up to you.
Get started today, and you can earn your Open Pathway Accreditation Diploma (OPA.dip) in Fundamental Accounting of Small Business.
Course Entry Requirements
At Open Learning College, we firmly believe that education should be accessible to everyone, regardless of their background or previous education experience. That’s why we’ve designed our Fundamental Accounting of Small Business course to be open to anyone who is interested in learning more about this fascinating subject, without any prior knowledge or experience required.
We want to give everyone the opportunity to expand their knowledge and take part in a highly rewarding online course, which is why we keep our entry requirements to a minimum. This means that you can start the course at any time and study at your own pace for up to 12 months from the date of initial registration, with the full support of a personal tutor.
Course Enrolment Fees
We want to make sure that you get the best value for your money, which is why we have included the registration fee, certification fee, and full tutor support in the course price. Enrolling in the Fundamental Accounting of Small Business course would usually cost £123.75, but for a limited time, you can get a 20% discount and pay only £99 if you enrol online and pay in full.
Note: Instalment plans are not available to our international students.
Course Qualifications
This course is certified by the Open Learning College via the Open Pathway Accreditation Programme.
You will receive the Open Pathway Accreditation Diploma (OPA.dip) from Open Learning College.
What’s Included
Your course fee covers everything you will need to successfully complete the Fundamental Accounting of Small Business online study course and earn your qualification:
A full range of student services, including:
- All textbooks, study folders, and/or online learning aids designed for online learning
- Life-time access to the online student portal Xperience™ (Student Chat, Forums and Online Support Resources)
- Comprehensive Study Guide & Study Plan
- PDF certificate to show employers (employer has access to certificate validation)
- Life-time access to Career Hub our dedicated portal to support our students career aspirations.
- Invitation to job fairs and career days for your business faculty.
- A diploma from the Open Learning College from our Open Pathway Accreditation programme (OPA.dip).
- One year’s educational support by a specialist tutor in your chosen course field.
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Course Content
Fundamental Accounting of Small Business – FREE Course Starter Pack
Module 1 – Accounting Fundamentals
Module 2 – Accounting Policies
Course Resources
Final Exam
College Announcements
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🌟 Why Opt for Our Small Business Accounting Course
Presented by Open Learning College, this course is your key to understanding the essential accounting principles for small businesses. Dive into comprehensive modules covering topics from basic bookkeeping to financial statements, equipping you with practical skills to manage business finances effectively.
💡 What Sets Our Course Apart
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