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. You must enjoy calculations and feel a sense of pride in producing accurate and presentable numerical answers. Students need to meet the normal college entry requirements and have a minimum of grade 6 in GCSE Maths.
What will I study?
You will study basic bookkeeping 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 will also consider other measures of performance besides profitability.
Financial accounting and management accounting: 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.
You will also 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, and Social Accounting.
The A level is assessed by two x 3 hour 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.
This course will be extremely useful if you want to enter the world of business or if you’re considering setting up your own business. If you’d like to study business or economics at university, you’ll find an accounting background very helpful. You’ll have a head start if you want to study accountancy either at degree level or with one of the professional accounting bodies. Many of our previous students have achieved positions with KPMG, PWC or Grant Thornton and have been trained to become fully qualified accountants.
Did you know?
Mick Jagger, Janet Jackson, Eddie Izzard and John Grisham all studied accountancy.