A qualification in accounting will always be helpful – it has real vocational relevance whether used professionally or personally. This course helps students to understand the responsibilities of the accountant and the impact of their recommendations on the business and wider environment.
Accounting is the recording, analysis, presentation and forecasting of financial data, principally but not exclusively for business organisations.
There are many users of accounting information: managers, shareholders, customers, suppliers and the wider public. These users require information for a variety of purposes and it is important that it is prepared accurately and interpreted meaningfully.
- Average point score* of 4.5 or above, calculated from all GCSE subjects. Your point score MUST include at least five GCSEs at grade C/4 or above - including English Language or Maths.
- If your English Language is a D/3, your Maths must be at least a C/4 and vice versa.
- Grade B/6 in GCSE Maths
- Grade C/5 in GCSE English Language.
What will I study?
Students will build knowledge of key concepts, principles and techniques which will enable them to solve problems logically, analyse data methodically and make reasoned decisions.
Assessment – 2 written exams of 3 hours duration at the end of the 2 years. Each paper has a 50% weighting.
The course covers both financial accounting and management accounting, although these are not totally distinct areas of study and there is an interrelationship between the two.
This focuses on the recording of past events. Students will gain a good understanding of the double entry model and accounting principles and concepts in order to verify the accuracy of the bookkeeping and correct any errors. Students will prepare financial statements for sole trader businesses, partnerships and limited companies, including recording adjustments by applying knowledge of accounting concepts. Students will calculate and interpret accounting ratios in order to analyse and evaluate the financial performance of businesses.
This focuses on using accounting information for planning and decision making. Students will learn about budgeting and variance analysis as a means of monitoring and controlling business performance. The course will also use techniques such as investment appraisal in order to evaluate alternative projects.
What could I do next?
A course in Accounting is very useful if you are considering a career in Finance or Accountancy. Quite a few of our students have been successful in acquiring school leaver apprenticeships at prestigious accounting firms such as Ernst & Young and PriceWaterhouseCoopers.
Equally A-Level Accounting is very helpful if you are considering an accounting/economics or business related degree at university. Prospects for accounting graduates are extremely good; employment may be found within financial institutions, accountancy firms, banking and management.
The course provides an excellent preparation for professional studies in accounting.