Basic Bookkeeping and Financial Literacy


Financial literacy of basic accounting concepts is one of the key skills you need to have as you develop your career. Our Basic Bookkeeping course is for you if you are running a small business, managing departments in large companies or starting out on a career in accounting and looking for a glimpse into your future worklife. You will learn the basic terms and concepts that will stand you in good stead for any future career as well as your personal life with financial planning matters.

Study our course in the way you want. In small units or in one. Synchronise your learning between any device and remember and track your progress. Study and answer questions at your convenience and at the end of the course, if you answer more than 80% of the questions correctly, qualify for a certificate of achievement. You can even log your CPD hours.

In all our business courses, you get access to around six hours of e-learning that you can watch, listen and read. There are usually 100 questions and at the end of the course you will receive a certificate of completion that you can use against any personal or professional development requirements. As well as the course, you also receive a FREE e-book that you can read on your Kindle or other e-reader. You also get a FREE audiobook of the course so you can listen to the whole course uninterrupted on your device.



Part 1: Getting Started

  • Welcome
  • What you’ll learn
  • How it works

Part 2: Basic Terminology

  • Balance sheet
  • Assets & liabilities
  • Equity
  • Income statement
  • Revenue & costs of goods sold
  • Expenses
  • Accounting period
  • Review questions

Part 3: Basic Terminology

  • Accounts receivable
  • Accounts payable
  • Depreciation
  • General ledger
  • Interest
  • Inventory
  • Journals
  • Payroll
  • Trial Balance
  • Review Questions

Part 4: Accounting methods

  • Cash
  • Accrual
  • Differences between cash and accrual
  • Review Questions

Part 5: Keeping track of the business

  • Accounts payable
  • Accounts teceivable
  • The journal
  • The general ledger
  • Cash management
  • Review questions

Part 6: The balance sheet

  • The accounting equation
  • Double-entry accounting
  • Types of assets
  • Types of liabilities
  • Equity
  • Review questions

Part 7: Other financial statements

  • Income statement
  • Cash flow statement
  • Capital statement
  • Budget v actual
  • Review questions

Part 8: Payroll accounting terminology

  • Gross wages
  • Net wages
  • Employee tax withholding
  • Employer tax expenses
  • Salary deferrals
  • Employee payroll
  • Employee benefits
  • Tracking accrued leave
  • Government payroll returns/reports
  • Review questions

Part 9: End of period procedures

  • Depreciating your assets
  • Reconciling cash
  • Reconciling investments
  • Working with the trial balance
  • Bad debt
  • Posting adjustments and corrections
  • Review questions

Part 10: Financial planning, budgeting and control

  • Reasons for budgeting
  • Creating a budget
  • Comparing budget to actual expenses
  • Review questions

Part 11: Auditing

  • What is an audit?
  • When and why would you audit?
  • Internal
  • External
  • Review questions

Module Twelve: Closing Thoughts

  • Lessons Learned
  • Words from the wise
  • Your results
  • Further reading
Topics Covered

Topics Covered

Throughout the course you will develop key skills as you cover the following topic

  • Basic accounting & finance terminology and meaning
  • Keep track of your business through key reports and documents
  • Understand financial planning, budgeting and control techniques
What You'll Learn

What You'll Learn

By the end of this short business course on basic book-keeping you will:

  • Understand all the common concepts of accounting and finance
  • Be able to make strong judgment calls on any financial matters in your role
  • Be confident in your budget and financial planning matters, whether professionally or personally

Who it's for

Who it's for

Anyone in business. This course will give you the fundamental financial literacy that you need to make informed decisions, whether you’re new into a management role, or new into running a business or thinking of a career in finance and accountancy.

Prior knowledge

No prior knowledge is necessary. As you develop your career, there will be a constant requirement to not only refresh and update existing technical learning but also to develop new skills and ways of thinking and behaving.

Technical Skills

Whether you’re in production, distribution, sales, finance, human resources or management your technical skills will always need to keep up with the latest developments in technology and change. The learning for this will generally come from your peers, industry trends and specialised training.

New skills

However, as you move up in seniority through an organisation or become and entrepreneur, you will be faced with learning a much wider array of skills. You will need to learn how to be a generalist but with the ability to look at the whole of a business and how it all interlocks.

People Skills

Most importantly, you will need to master your own behaviours and character and emotional intelligence in order to influence, inspire and bring people along with your vision.

Your career, personal and professional development should never stop, whether you are learning because of a company or professional body requirement or whether you are just wanting to grow.


We have many courses for you, your business or organisation. Get in touch about how to get our courses available to your organisation or fellow learners at [email protected]

For Businesses

For Businesses

Are you looking for a comprehensive learning solution for you and your teams? We have a portfolio of over 150 business short courses that are available online and on-demand. These ready to go courses cover all key areas of a business from finance & operations, sales & marketing, human resources to administration and management. As well as hard skills that range from elementary to advanced, there is an array of people and soft skill development.

Our e-learning is comprehensive, up to date and produced by a high quality learning and editorial team. It combines the latest in business thinking with the latest in learning technology. Learning can be delivered wholly online through self-study, with virtual tutor support or in a group & classroom environment by our qualified trainers.

  • All online learning is tracked and courses can be used as part of a personal development plan for staff
  • Learners can study out of hours or in breaks with bite-size learning
  • Get back end management reports on learner progress
  • Cost efficiently solve any compliance, insurance, regulatory, union or staff association requirements
  • Save on staff training and CPD costs
  • Choose and pay for only the courses you need or look at our library models for even greater value
  • No lock-in contracts – pay monthly or get a handsome discount for annual and multi-year deals
  • No big installations necessary – a simple web browser is all you need to get started
  • New courses being added all the time

Get in touch at [email protected] or hit the Chat button for an instant response

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