Understanding Financial Statements

The Open University (founded 1969) is a UK-based leader in flexible, distance education, serving over 140,000 students worldwide. With 20 core programme pathways, it is built around open-access principles and a modular approach that supports part-time learners, professionals and those returning to study. Although the international cohort is modest, the university’s online delivery gives students global access to UK qualifications and research opportunities without relocating full-time.

Learning at the OU is designed for practical application: modular courses combine multimedia resources, tutor-led tutorials, assessed projects and recognised credits that support progression to higher degrees. Students benefit from a strong digital library, personal tutor support and clear pathways into postgraduate study and research. The learning model emphasises self-directed study, workplace relevance and flexible assessment schedules to fit varied timetables.

For international students the OU offers a compelling option to earn a reputable British award while maintaining work or family commitments. Entry routes are broad and entry supports include academic skills, language help and employability services. Graduates are frequently valued for independent learning, project management and applied skills, making the Open University a practical choice for motivated international learners looking for accredited, career-focused study with strong institutional recognition.

The Understanding Financial Statements program is a non-degree course for students who want to learn about financial reporting. It's a one-year program that helps you understand how to interpret financial statements. The main advantage of this program is that it provides foundational knowledge of financial reporting.

The curriculum covers three key types of financial statements: the income statement, the balance sheet, and the statement of cash flows. You will learn about general purpose financial reports, revenue and expenses, and how to assess an organization's net worth through its balance sheet. The program is delivered entirely online, allowing you to study at your own pace.

After completing this program, you can work as a Financial Analyst, Accounting Manager, Financial Reporting Specialist, Business Development Manager, or Investment Advisor. You can work in various industries, including finance, accounting, and business. Employers in these industries value people who can analyze financial statements effectively and make informed decisions.