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Course Description

Introduction 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 Course Units 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. Subject Content: AS Module 1 - Introduction to Financial Accounting (1.5 hour exam ) - Purposes of accounting, accounting records: subsidiary books and ledger accounts - Verification of accounting records - Income statements and balance sheets including simple adjustments Module 2 - Financial and Management Accounting (1.5 hour exam ) - 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 (2 hour exams) - Sources of finance - Incomplete records - Partnership accounts - Published accounts of limited companies - International accounting standards and cash flow statements - Stock valuation Module 4 - Further Aspects of Management Accounting (2 hour exams) - Manufacturing accounts - Marginal costing, absorption costing and activity based costing - Standard costing and variance analysis - Capital investment appraisal - Budgeting: further considerations - Other factors affecting decision-making: social accounting

Introduction 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 ...

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Entry Requirements

at least 5 GCSE passes at grade C or above including English Language. and A grade B in GCSE Mathematics

at least 5 GCSE passes at grade C or above including English Language. and A grade B in GCSE Mathematics

Assessment Methods

Each paper (Module) has 4 structured questions with various parts to them carrying 1/4 of the total overall mark.

Each paper (Module) has 4 structured questions with various parts to them carrying 1/4 of the total overall mark.

Additional Information

succesfully participate in a discovery day.

succesfully participate in a discovery day.