AS/A2 Accounting

Accounting

Level: AS

Exam Board: AQA

Syllabus No: AS 1121

What will I study?

Students will study basic book-keeping via the double entry accounting system leading into the preparation of profit and loss accounts, balance sheets and budgets. Students will see how accounting information is used to assess the performance of firms but also consider other measures of performance besides profitability. The course is made up of 2 units: The course is made up of 2 units;

• UNIT 1 UNIT 1 INTRODUCTION TO FINANCIAL ACCOUNTING Accounting Records; Subsidiary Books and Ledger Accounts; Verification of Accounting Records; Trial Balance, Trading and Profit and Loss Accounts, Balance Sheets; Bank Reconciliations, Depreciation, Bad Debts, Accruals and Prepayments.
• UNIT 2 FINANCIAL AND MANAGEMENT ACCOUNTING Accounting Principles, Concepts and Conventions; Final Accounts and Balance Sheets, Capital and Revenue Expenditure; Limited Liability, Capital Structure of Limited Companies; Internal Final Accounts, Balance Sheets of Limited Companies, Ratio Analysis and the Assessment of Business Performance; Budgeting and Budgetary Control; Impact of ICT in Accounting.

How is this course assessed?

Both units are assessed by 90 minute examinations, unit one is taken in January and unit two is taken in June. Most of the questions require calculations although there are some written answers requiring the ability to explain and assess accounting terms and issues coherently.

What next?

The course will be useful for anyone entering the world of business and for anyone considering setting up their own business. Any student of business or economics will find an accounting background useful. You will have a head start to the further study of accountancy at either degree level or with one of the professional accounting bodies.