Accounting is becoming an increasingly popular AS and A2 level subject. The course investigates how organisations develop their accounting information systems and procedures, and the important role of accounting in business decision-making. These organisations could be profit making or non-profit making, manufacturing or service, national or multi-national, even large or small. Ethical responsibilities are also considered within the accounting framework. Throughout the course a variety of accounting problems are encountered, as is the interpretation of accounting statements, reports, tables, graphs and charts.
Percentage of total AS mark: 50%
Method of assessment (coursework, exam, etc.): 1 hour 30 minutes (Summer exam)
Unit 1 is afoundation for the rest of the course, and any further study of Accounting after A Levels. Accounting involves the Collecting, Recording, Classifying and Summarising of financial information for a variety of types of businesses. Students will learn about the concept of Duality, the Accounting Process, and Double Entry Bookkeeping. Students will then learn how to verify accounting records using a variety of techniques, such as Bank Reconciliation Statements, Control Accounts and Trial Balances. Students will learn how to identify and correct Errors in Accounting Records, and ultimately produce a full Income Statement and Balance Sheet, including making adjustments for Accruals and Prepayments, Bad Debts and Depreciation.
The entire module is concerned with Financial Accounting for Sole Traders.
Percentage of total AS mark: 50%
Method of assessment (coursework, exam, etc.):1 hour 30 minutes (Summer exam)
Unit 2 will further develop the student’s knowledge and understanding of Financial Accounting for Sole Traders, and also for Limited Companies, including more advanced adjustments to the accounts, including creating Provisions for Doubtful Debts and Bad Debts Recovered, distinguishing between Capital and Revenue Expenditure, applying generally accepted Accounting Concepts and more advanced Depreciation calculations. Students will also learn how the financial structure of Limited Companies differs from Sole Traders and Partnerships and study the different types of Shares, including Rights Issues and Bonus Issues, Dividends and how to evaluate other Sources of Finance.
Unit 2 will also introduce Management Accounting and students will learn to evaluate and assess the financial strengths and weaknesses of business performance using a variety of techniques including Mathematical Ratio Analysis, and Budgeting. Students will be able to recommend courses of action which will be of benefit to a business, and also explain the consequences of a business failing to take remedial action.
Students with a strong interest in finance should be interested in taking Accounting A Level. It is largely a numerical subject, and you need to be reasonably competent at Maths. Almost all students who take Accounting love the subject, and it has been one of the best performing subjects at the college for many years.
Students are not required to take Accounting A Level if they wish to study Accounting at University or work in Accounting. However, the study of Accounting A Level will give students a strong understanding of the subject and give them a headstart when it comes to further study or employment after leaving college.
Accounting would also provide a good basis for any student who might ultimately own their own business.
GSCE Maths grade A* – B is required.
Subjects that go particularly well with Accounting include Economics and Maths.
After college there are two main options:
Recent comments from student surveys include the following:
“Accounting is a really competitive subject, but I enjoy it and the teacher is very supportive and good at explaining.”
“I feel that I am being pushed to my limits and feel that I am capable of achieving a quality grade with my current progress.”
“I find that the level of teaching in my Accounting class is very high.”
“The course has been great and the teaching materials too.”
“Think this is an excellent course and would recommend anyone to do it.”
“I think the teaching is of very high quality and the handouts provide you with all the information required for the exams.”
“I have been very happy with the course, thanks to the teacher and college and I feel that I have achieved, and will achieve, the best possible results.”
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