Accounting

New for 2019!
Overview

AccountingDo you like puzzles and problem solving? Do you want to study an A level that will be useful in the real-world? If, so then A level Accounting is for you. The course will enable you to gain practical accounting skills which can be used in any organisation, whether that’s banking, insurance, retail, central government, public services or perhaps even your own business. It will also enable you to gain skills in writing professionally, as you may need to in the workplace in future.

You will build knowledge and understanding of key concepts, principles and techniques which apply to real-world scenarios; develop problem solving and analytical skills; and understand more the role of an accountant and how their work impacts business decision-making and the wider environment.

This course introduces students to the preparation of financial statements and management accounting records both to meet statutory reporting obligations and in order to support management decisions. As well as the performance of a range of calculations and accounting procedures, students will carry out detailed analysis of financial information; report on their findings to a range of stakeholders; reach reasoned conclusions and make recommendations for management decision-making.

Course Outline

The course involves the preparation of financial statements for statutory purposes, and management accounts in support of financial planning and management decisions. The two papers sat at the end of this two-year linear course, broadly break down the course into these two areas. Both papers however require students to interpret and analyse financial information, in order to form reasoned arguments, reach reasonable conclusions and make recommendations. The course breaks down more specifically into the following topic areas:

• An introduction to the role of the accountant in business
• Types of business organisation
• 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
• 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

Assessment

Examination (100%)
Coursework (0%)
Examining Board – AQA

There are 2 examination papers, sat at the end of two years, each contributing 50% towards the qualification, totaling 120 marks and lasting 3 hours. Each paper has 3 sections: Section A comprising 10 multiple choice questions and short answer totaling 30 marks; Section B has two structured questions each totaling 20 marks; Section C comprising two extended answers questions each worth 25 marks.

Special Entry Requirements

Students must achieve grade 5 in GCSE Mathematics. In addition, the College’s standard A level entry requirements apply.

Prohibited Options

None. A level Accounting combines very well with Business, Law, Economics and Mathematics or Statistics.

Career and Progression Opportunities

It is an outstanding A level option for those considering further study of Accountancy or Financial Management at University and the undertaking of further professional accountancy qualifications, whilst working in industry or accountancy and business advisory practices. The world’s largest Accountancy and Business Advisory firms take students both at the end of their A level studies and following University and provide a plethora of opportunities including Audit and Accountancy services, Forensic Accounting, Corporate Finance, Corporate Recovery and Business Consulting services. Study of accounting therefore opens up a wide variety of options within Business, Banking, Insurance, Corporate Law, and Business Advisory fields. Chief Executive Officers of the FTSE 250 businesses are usually fully qualified Accountants, as well as their Finance Directors, and study of A-level Accounting could well set you on this exciting path.

Teaching Methods

There will be both standard classroom and Computer Room lessons in this course.

Other Information

None.

This information is correct for September 2019 entry.

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Case Studies

Esther Hurst

Esther Hurst joined The Sixth Form College, Solihull from Tudor Grange Academy. She studied A level French, History and Spanish…

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