Subject Area: Business
Level: TWO-YEAR A Level
Exam Board: AQA
You should have a flair for mathematical calculations and an
interest in the business world. It is essential that you enjoy
calculations and feel a sense of pride in producing accurate and
presentable numerical answers. Students should have the
normal college entry requirements with a minimum grade 6 in
What will I study?
Students will study basic book-keeping via the double entry accounting system leading into the preparation of income statements, 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.
FIRST YEAR OF A LEVEL
You will study financial accounting and management accounting which will cover: Accounting Records: Subsidiary Books and Ledger Accounts; Verification of Accounting Records; Trial Balance, Income Statements, Balance Sheets; Bank Reconciliations, Depreciation, Bad Debts, Accruals and
Prepayments; Accounting Principles, Concepts and Conventions; Capital and Revenue Expenditure; Limited Liability, Capital Structure of Limited Companies; Internal Final Accounts, Ratio Analysis and the Assessment of Business Performance.
SECOND YEAR OF A LEVEL
You will study Sources of Finance, Cash-Flow Statements, Incomplete records, Partnership accounts, Manufacturing Accounts, International Accounting Standards; Budgeting and Budgetary Control using variance analysis; Impact of ICT in Accounting, Costing, Break even Analysis, Marginal Costing, Absorption costing, Investment Appraisal, Ethical behaviour, Social Accounting.
The A level is assessed by 3 x 90 minute examinations taken in June of the second year. Most of the questions require calculations although there are some written answers requiring the ability to explain and assess accounting terms and issues coherently.
Accounting is useful for anyone considering working in business. You will have a head start to the further study of accountancy at either degree level or with one of the professional accounting bodies.