What Are Some Resources for Studying Level 1 Accounting?


Quick Answer

Beginning accounting students may take a Diploma in Accounting course through ALISON and a Fundamentals of Accounting class from the Open University. Both online courses offer certification and assistance after the student completes the course and passes the minimum requirements outlined in the course descriptions.

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ALISON’s Diploma in Accounting course prepares students using practical lessons for a retail environment. Subjects covered include inventory, managing cash assets, best practices to use when handling petty cash and funds from checking accounts, and controls for accounts receivable. The course outline also provides key ratios and equations needed to effectively break down complex numbers and inventory into reports. To pass the course and receive a diploma, students must demonstrate a 80 percent passing rate on the course's assessments.

Fundamentals of Accounting from the Open University also covers the basics of accounting practices including skills, ethics and knowledge required to become a professional accountant. Coursework includes measuring management performance, understanding financial reports with hands-on experience, and improving accounting planning through controls.

Instructors teach the analysis of case studies, creating and using spreadsheets and the use of communication and information technologies. On successful completion of eight units of study, the Open University helps students gain exemptions from beginning level courses required for professional accreditation from the International Association of Book-keepers.

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