Accounting

A-level Accounting helps students to develop knowledge and understanding of the purposes of accounting and apply this to a variety of accounting problems.

This four-unit specification requires students to develop their ability to acquire a range of important and transferable skills such as:

  • data skills 
  • presenting arguments and making judgments and justified recommendations 
  • recognising the nature of problems, solving problems and making decisions 
  • planning work, taking into account the demands of the task and the time available to complete it.

This specification has no coursework or controlled assessment. 

The Accounting department is a combined subject area with Business studies. We follow the AQA examination specification in accounting giving our students the necessary depth, understanding and skills. Accounting is split into AS and A2. The course covers the following:

GCE Accounting (2120)

AS outline
At AS, candidates will learn the fundamentals of record-keeping and the purposes, techniques and consequences of effective financial accounting. Candidates will consider how financial accounting helps in the measuring, monitoring and planning of successful business operations. They will study business ownership, control, profitability, performance and budgeting.

The AS specification has 2 units:

Unit 1: Introduction to Financial Accounting

Topic list

  • Purposes of accounting
  • Accounting records: subsidiary books and ledger accounts
  • Verification of accounting records
  • Trading and profit and loss accounts and balance sheets including simple adjustments.

Assessment

  • Written Paper: 1 hour 30 minutes
  • Weighting: 25% of the total A Level marks
  • 80 raw marks (100 UMS)
  • Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub questions.


Unit 2: Financial and Management Accounting

Topic list

  • Types of business organisation
  • Accounting concepts
  • Further aspects of the preparation of the final accounts and balance sheets of sole traders
  • Internal final accounts of limited companies
  • Ratio analysis and the assessment of business performance
  • Introduction to budgeting and budgetary control
  • The impact of ICT in accounting.

Assessment

  • Written Paper: 1 hour 30 minutes
  • Weighting: 25% of total A Level marks
  • 80 raw marks (100 UMS)
  • Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub-questions.


A2 outline

At A2, candidates will develop their understanding of financial accounting techniques for business without a complete accounting system, for partnerships and for limited companies. Candidates will study in greater depth how accounting techniques aid business management and decision-making. They will look at costing, capital investment, budgeting and sources of finance as well as considering social accounting issues.
The A2 specification has 2 units:

Unit 3: Further Aspects of Financial Accounting

Topic list

  • Sources of finance
  • Incomplete records
  • Partnership accounts
  • Published accounts of limited companies
  • Accounting standards
  • Stock valuation

Assessment

  • Written Paper: 2 hours
  • Weighting: 25% of total A Level marks
  • 90 raw marks (100 UMS)
  • Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub-questions.


Unit 4: Further Aspects of Management Accounting

Topic list

  • Manufacturing accounts
  • Marginal, absorption and activity based costing
  • Standard costing and variance analysis
  • Capital investment appraisal
  • Budgeting: further considerations
  • Other factors affecting decision-making: social accounting.

Assessment

  • Written Paper: 2 hours
  • Weighting: 25% of total A Level marks
  • 90 raw marks (100 UMS)
  • Four compulsory questions – each carrying a variable number of marks, each with a variable number of sub-questions.


Career Progression

Accounting is a popular A-Level choice and is recommended if you want to go on to a career in Accountancy, Business and Finance or Teaching.

Accounting is a subject that will help you in all aspects of your everyday life. It will give you an insight into the financial statements needed for self-employment and how businesses work in general. It is wide reaching and interesting. It is not as everyone thinks, just numbers! You will learn about how to recognise the successful companies from those not doing so well.

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