The finance field is exciting and constantly evolving. It is exciting to break into this industry and help companies to work toward higher profits and financial stability. However, you have to have the right skills and education to work in this field.
Bookkeeping is one of the fastest ways to jumpstart a career in finance. An introduction to bookkeeping course can provide you with all of the information that you need to launch your career. The EDX bookkeeping course is a way for people with no experience to obtain the tools they need to become a professional bookkeeper.
This course is bookkeeping for beginners. You will learn the most basic fundamentals and build on them so that once you get through all of the units, you have the knowledge that you need to provide bookkeeping services to clients or your future employer. The information that you learn from this course will allow you to work as a bookkeeper in any industry.
How is Bookkeeping a Good Career Choice?
Bookkeeping is a versatile career option. You can opt to work as an employee for a single company, or you can take the freelance route and provide services to several clients. After gaining experience in this field, you can also choose to start your own business as a bookkeeper so that you have full control over your career.
This bookkeeping for beginners’ course provides all of the information you need to start your career. You can complete it at your own pace, so unlike many other finance careers, you can complete this introduction to bookkeeping course and begin your career within months.
Many people choose bookkeeping because you will not need a four-year degree to get started. Getting the right training is relatively inexpensive, so that you do not have to spend thousands of dollars to become eligible for entry-level jobs.
Bookkeeping is a diverse field. You perform a lot of different tasks each day, so it is unlikely that you will become bored with your job. There are also different certifications and additional education that you can pursue, making it easy to continuously elevate yourself and put yourself in a position for promotions and advancement.
What is the EDX Introduction To Bookkeeping Course?
The EDX bookkeeping course is a bookkeeping course for beginners. There are no prerequisites that you need to complete before you can start this program. However, it is advisable to have some basic math skills before you start since math is a major component of being a competent bookkeeper.
The design of this introduction to bookkeeping course is meant to get you prepared to take the ACCA examination once you complete it. This is referred to as the Recording Financial Transactions (FA1) examination.
By completing the EDX bookkeeping course, you will have the knowledge and skills to be a competent bookkeeping in the workplace. This can help you to secure employment, or to work toward a promotion at a current job, depending on your career goals.
According to EDX, this introduction to bookkeeping course is ideal for people who want to accomplish at least one of the following:
- Get started in a career in the finance, accounting or business fields
- Ensure that you are fully prepared to take the Recording Financial Transactions examination from the ACCA
- Prepare yourself by obtaining foundational knowledge before you begin working toward a college degree in finance or business
- Develop your own business where you will perform or oversee your company’s bookkeeping and accounting methods (the best bookkeeping course to learn to start your own bookkeeping business is Complete Bookkeeping and QuickBooks Training. Read the full Complete Bookkeeping and QuickBooks Training review.)
While this bookkeeping for beginners’ course does not provide a diploma or certificate after you complete it, you do not need this to sit for the examination. After successful completion of all of the units, you will know what is necessary to sit for the exam.
This bookkeeping for beginners’ course is designed for people who want to work through it at their own pace. There are no time limits regarding how quickly you have to work through each of the units. You can also choose to go back and review past units as you work through the course to refresh your memory on different pieces of information.
Who Developed the EDX Introduction To Bookkeeping Course?
This introduction to bookkeeping course was developed by EDX. They work with more than 120 institutional partners to develop and deliver the courses, including the EDX bookkeeping course. Some examples include Harvard University, The University of Texas, Massachusetts Institute of Technology and University of California Berkeley.
The people who created the EDX bookkeeping course have education and experience in this field. They remain up to date on the latest bookkeeping information to ensure that everything that you learn is current and accurate.
This course is updated as necessary so that you are learning the information and bookkeeping techniques that professional bookkeepers use in their career today.
A Look Inside the EDX Bookkeeping Course
This introduction to bookkeeping course is delivered in English. However, the video transcripts come in additional languages, including French and Mandarin. According to the program, you can expect to complete it in about six weeks. This figure is based on dedicating approximately four to five hours a week studying the material.
You will receive all of the materials that you need to complete this introduction to bookkeeping course once you enroll in the program.
This includes different course handouts, including:
- The syllabus document for Recording Financial Transactions
- An ACCA recruitment brochure
- The grading policy that this course uses
- A brochure for Foundations in Accountancy
- A course map
- A document that provides information about courseware support and help
There are five sections focused on Recording Financial Transactions. This course has three additional sections. Make sure that you follow all of the units in the proper order to get the most out of this course.
Orientation to the Course
This part of the course introduces you to the information that you will learn. You get information about how to use the website and navigate the various elements. There are three lessons in this section:
- The first lesson is a welcome that presents some tips and information that you can use to be more efficient as you are working through the course.
- In the second lesson, you get all of the information that you need to pursue your ACCA certificate once you successfully finish this course.
- The third lesson is focused on studying for this course and the methods that will help you to get the most out of the information that is presented.
FA1 Unit One
There are nine parts in this unit. These include:
- An introduction to this section
- A lesson about recording transactions and an introduction to business
- A sales on credit introduction lesson
- A third lesson about books of prime entry
- A summary of the three lessons
- Information about other materials you can take advantage of
- Optional examination questions
- Examination questions that are graded
- Some more examination questions (optional)
FA1 Unit Two
This unit has nine parts. These include:
- This unit starts off with an introduction to the topics that are included
- A second lesson on books of prime entry
- A banking lesson
- A lesson about the cash book
- There is a summary that wraps up all of the lessons presented in this unit
- The fifth component describes other materials that you can use to reinforce the information that you learned in the three lessons
- Some examination questions that are optional
- The eighth part involves examination questions that are graded to assess what you have learned
- The final part is examination questions that are optional
FA1 Unit Three
There are nine parts to this unit, including:
- The first part is a welcome that introduces the information included in this unit
- Introduction to double entry introduction
- A lesson about receivables accounting
- The third lesson is about accounting for payables
- There is a summary of the information in the three lessons
- A list of some additional materials that you can use for studying
- Optional questions you can use to assess your knowledge
- A graded examination to see how well you learned the unit’s information
- More optional examination questions
FA1 Unit Four
This unit has 10 sections. These include:
- A short welcome to the unit
- Petty cash introduction lesson
- Petty cash accounting lesson
- A lesson about journals
- A lesson about payroll
- There is a summary of this unit that sums up all of the information that was presented
- This unit provides some information on additional studying materials
- Optional questions to test your knowledge of the four lessons in this unit
- A graded examination
- The final part has more examination questions that are optional
FA1 Unit Five
Unit five consists of 10 parts. These include:
- The first part is a welcome that introduces this unit
- A lesson about control accounts
- A trial balances lesson
- The third lesson teaches you about fixing errors that the trial balance does not show you
- The fourth lesson shows you how to fix errors that the trial balance reveals to you
- After the lessons comes a summary of the information that was presented
- More materials to use for studying
- Optional examination questions
- An examination that is graded
- More questions to answer that are optional
There are five parts to this section. The first part sums up the five primary sections and all of the information that you learned. Once you finish this, you can take an FA1 practice test to see if you learned enough during this course to pass the examination and earn your certification.
The third component of this section is a revision test.
There are six tests within this, including:
- Sales on credit and bookkeeping
- Double entry and cash book
- Trial balance, control accounts and error correction
- Prime entry books and receiving and making payments
- The journal, payroll and petty cash
- Mixed questions
In the fourth part, there is a graded practice test. Lastly, there is a section on what is next. It provides information about the certification examination and what to do after you pass it.
Survey at the End of the Course
This part of the course is not required. However, by completing the survey, you can provide your feedback on the course. They use this information to work toward any necessary improvements that can aid people in getting the most out of the information.
How Much Does the EDX Bookkeeping Course Cost?
There are no costs involved with this introduction to bookkeeping course. All you have to do is input some basic information to enroll and you will have full access to the course. Once you enroll, there are no hidden fees for things like course handouts or materials that you have to use to complete the different units.
After you finish all of the units in this bookkeeping for beginners’ course, there is no fee for a certificate. This course does not provide a certificate of completion.
How this Program Can Benefit Your Bookkeeping Career
This bookkeeping for beginners’ course allows you to learn about the fundamentals and principles of bookkeeping at your own pace. Once you complete this introduction to bookkeeping program, you can pursue entry-level employment opportunities.
It is also possible to start working as a freelance bookkeeper once you finish the EDX bookkeeping course. This option provides you with flexibility to work with multiple clients and set your own rates.
Once you finish this introduction to bookkeeping course, you will have the knowledge needed to take the Recording Financial Transactions’ examination offered by the ACCA. After you pass this examination, you are awarded with a certificate so that you can prove to prospective employers that you have this skillset.
Obtaining this certification is optional, so not all bookkeepers will have it. When you add it to your resume, this can help you to stand out above other bookkeepers applying for the same position. It may also make it easier if you decide to seek further education in the future.
This course can also help you if you want to take the examination for the Management Information (MA1) certification. You can also get this certificate through the ACCA.
The EDX bookkeeping course is concise but the information that you learn has broad applications for bookkeepers. Since it is setup as a bookkeeping for beginners’ course, you do not need any previous experience in this field to succeed in this course.
Use this introduction to bookkeeping to learn all of the foundational elements and bookkeeping principles that you will use to carry out an array of bookkeeping tasks. After completing this bookkeeping for beginners’ course, you can start applying for jobs in this field. You will have the knowledge and competence necessary for entry-level positions.