AS & A2 Level Accounting

AS & A2 Level Accounting

About the Course
Subject
A Levels
Subject 2
Business
Study Mode
Full-time

Introduction 2 years full-time
The AS qualification represents the first half of a full A level. In all, there will be four assessment units: two for AS modules 1 and 2, and two for A Level second year students, modules 3 and 4.
Accounting affects everyone in their daily lives but is often considered an elusive art. With a greater number of people becoming involved in business, the need to understand the "language of business" becomes ever more important. Accounting in itself can take on several roles and these may include:

· Recording financial information often known as book-keeping
· Transforming financial information into a more understandable format, namely financial statements
· Interpreting and analysing the performance of a business from its financial statements
· Providing control and aiding decision-making within an organisation

The study of this subject will also be supported by Information Technology Key Skill lectures as an integral part of our A Level programme.

Course Units AS Module 1 - Introduction to Financial Accounting

· Purposes of accounting, accounting records: subsidiary books and ledger accounts
· Verification of accounting records
· Trading, profit and loss accounts and balance sheets including simple adjustments

Module 2 - Financial and Management Accounting

· Types of business organisation
· Accounting concepts
· Further aspects of the preparation of the final accounts 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

A2 Module 3 - Further Aspects of Financial Accounting

· Sources of finance
· Incomplete records
· Partnership accounts
· Published accounts of limited companies
· International accounting standards
· Stock valuation

Module 4 - Further Aspects of Management Accounting

· 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 Each paper (Module) has 5-10 structured questions carrying 1/4 of the total mark.

Further Opportunities A Level Accounting combines well with a range of other A Levels, particularly Economics, Law and Business Studies.