Accounting

Accounting

Exam Board: AQA

Additional Information: Students must have a genuine interest in the study of accountancy and enjoy working with figures. Grade C in GCSE Accounting is required if previously studied.

COURSE OUTLINE
AS
At AS, students will learn the fundamentals of record-keeping, and the purposes, techniques and consequences of effective financial accounting. Students 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. This will be covered in 2 Units:

Unit 1: Introduction To Financial Accounting
Including Purposes of Accounting; Accounting Records - subsidiary books and ledger accounts; Verification of Accounting Records and Final Accounts with simple adjustments.

Unit 2: Financial And Management Accounting
This unit will cover types of business organisation, accounting concepts and an introduction to budgeting and budgetary control. The internal final accounts of limited companies and the assessment of their performance through ratio analysis will be covered as well as the impact of ICT in accounting.
A2
At A2, students will develop their understanding of financial accounting techniques for businesses without a complete accounting system, for partnerships and for limited companies. Students 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.

Unit 3: Further Aspects Of Financial
Accounting
Topics will include sources of finance, incomplete records, stock valuation, partnership accounts and the published accounts of limited companies.

Unit 4: Further Aspects Of Management Accounting
Emphasis will be on management accounting including various types of detailed costing, capital investment appraisal, budgeting and social accounting.

Assessment
The course is assessed through external examination at the end of each year.