Accounting

What does the course involve?

Understanding the responsibilities of the accountant and the impacts of their recommendations on the business and the wider environment. You will build knowledge and understanding of key concepts, principles and techniques that you can apply to real-life scenarios, develop the ability to solve problems logically, analyse data methodically, make reasoned choices and communicate effectively. Whether you use your Accounting qualification professionally or personally, it will always be helpful! 

Course Outline

Year 1

• 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 account records
• Preparation of financial statements of sole traders
• Limited company accounts
• Analysis and evaluation of financial information
• Budgeting
• Marginal costing

Year 2

• 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

Your work will be assessed regularly throughout the course via direct study, class tests and major assessments at key times throughout the year.

Coursework
No coursework

Examination (Exam Board AQA)
100% examination
1 exam paper (3 hours) at the end of the first year
2 exam papers (3 hours each) at the end of the second year