AS Level Accounts (ACC-S)

AS Level Accounts (ACC-S)

Course Description
What will I learn on this course?
AS
This covers the basics of financial accounting:

• Double entry system
• Trial balance
• Profit and loss accounts
• Balance sheets
• Differences in the accounts of sole traders and partnerships, clubs and societies
• Interpretation of Accounting Statements

A2
This further develops aspects of financial accounting and also includes Management accounting.

Financial accounting:

• Final accounts for Ltd companies
• Cashflow Statements
• Financing
• Issue of shares

Management accounting:

• Budgeting
• Costing

• Capital appraisal
• Variance analysis

What kind of assessments will I have to complete to get my qualification?
AS
There are two exam papers in the assessment of AS, each lasting

1 hour 30 minutes.

A2
There are two exam papers for A2, each lasting 1hour 30 minutes.

All papers have equal weighting.

What kind of student is this course suitable for?
To enjoy this course and to be successful you need to be numerate and logical. Most of the questions require you to use your knowledge to solve a problem and present the solution neatly. Therefore you need to be able to understand information in written and numerical form and to manipulate it effectively under time pressure.

What could I do with a qualification in this subject?
Although you do not need an A level in Accounting to study the subject at degree level, students do often find it useful to have mastered the basics on this course before going on to University to read finance, business or management.

It is also very useful to have an understanding of accounting and finance if you are planning to run your own business, whatever type of business it might be.