A qualification in accounting will always be helpful – whether it is used professionally or personally. This course helps students to understand the responsibilities of the accountant and the impacts of their recommendations on the business and the wider environment.
Students will build knowledge and understanding of key concepts, principles and techniques that they can apply to real-life scenarios, developing the ability to solve problems logically, analyse data methodically, make reasoned choices and communicate effectively. 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 marks: 50%
Method of assessment (coursework, exam, etc.): 3 hour exam
A foundation for the rest of the course, and any further study of Accounting after A Levels. An introduction to the role of the accountant in business, Types of business organization, The double entry model, Verification of accounting records, Accounting concepts used in the preparation of accounting records, Preparation of financial statements of sole traders, Limited company accounts, Analysis and evaluation of financial information, Accounting for organisations with incomplete records, Partnership accounts, Accounting for limited companies, Interpretation, analysis and communication of accounting information, The impact of ethical considerations.
Percentage of total marks: 50%
Method of assessment (coursework, exam, etc.): 3 hours
A further development of the student’s knowledge and understanding of Financial and Management Accounting. This unit of study includes Budgeting, Marginal costing, Standard costing and variance analysis, Absorption and activity based costing, Capital investment appraisal, Accounting for organisations with incomplete records, Partnership accounts, Accounting for limited companies, Interpretation, analysis and communication of accounting information, The impact of ethical considerations.
Who does this subject?
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.
GCSE Maths grade 9-5 is required.
Subjects that go particularly well with Accounting include Economics and Maths.
After college there are two main options:
Accounting at Loreto has been graded ‘1’ several times in recent years using the ALPS system for value added (meaning we were number 1 nationally). In many other years we have been graded 2 (Top 10% nationally). Attendance at Accounting lessons is consistently above 95%, indicating the level of enjoyment and dedication of Accounting students. Extremely experienced teachers of Accounting, with over 20 years of teaching experience.
Accounting teachers are also AQA examiners. Incredibly detailed, high quality course handouts are provided to all students. All past papers and mark schemes are provided to students. Innovative ‘points tests’ which have had a dramatic impact on student exam performance. The majority of students continue to study at A Level, and over 75% continue to study an Accounting related course at University. All our resources are available online and the study centres are available if you haven’t got access to computers at home.
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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