A Level Accounting
At a glance
Awarding Board: AQA
Entry Requirements: Six GCSE grades 9-4 including English Language and Mathematics
Subject Specific: GCSE Mathematics grade 6
Two 3 hour examinations at the end of Year 13
Paper 1: Financial Accounting (50%)
Paper 2: Accounting for Analysis and Decision Making (50%)
Why choose A Level Accounting?
You will learn about the fundamental concepts of accounting including: double entry bookkeeping and how to prepare income statements and statements of financial position for sole traders and limited companies.
You will gain an in-depth understanding of management accounting, budgetary controls, ratio analysis and the impact of technology on accounting.
You will develop a number of wider skills including: organisation and assessment of data, investigation and analysis, effective communication, working on your own initiative and methodical and critical thinking.
What will you study?
A Level accounting contains two elements:
- Financial Accounting
- Accounting for Analysis and Decision Making
Financial Accounting includes: 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 accounting records, preparation of financial statements of sole traders, limited company accounts, analysis and evaluation of financial information, accounting for organisations with incomplete records, partnership accounts.
Accounting for Analysis and Decision Making includes: budgeting, marginal costing, standard costing and variance analysis, absorption and activity based costing, capital investment appraisal.
How will you study?
An A Level Accounting class will typically have 10-15 pupils. The structure of lessons will be very similar to GCSE lessons. Lessons will begin with retrieval questions, consolidating key concepts and knowledge required for the lesson. This is then followed by teacher led introduction of new concepts, consolidation activities and reflective independent work.
You will complete an assessment every half term, cumulatively assessing the knowledge and skills you have built up throughout the course. This assessment process will allow regular feedback and help identify areas of improvement.
Where will it take me?
This qualification will give you the transferable knowledge, understanding and skills that a university admissions tutor or potential employer will be looking for when considering your application.
A Level Accounting gives you the foundation for further study of both Business Studies and Accounting and Finance Degrees at University as well as the skills and knowledge to support moves into an Apprenticeship within an accountancy practice or to work in a finance department within a company.