Accounting (A Level)

GCE A LEVEL

Introduction to Course

By studying A Level Accounting, students will delve into a world of accounting. Students will learn the accounting language and puzzle together transactions to complete double entry bookkeeping and understand how these basics lead to the creation of income statements and balance sheets. Students will develop a passion and an eagerness to learn as they solve accounting problems and embark upon more technical parts of accounting, including incomplete records and partnership accounts.

Exam Board/Specification

AS Level - AQA 7126

A level - AQA 7127

Entry Requirements

  • Grade 6 in GCSE Maths
  • Grade 6 in GCSE English

Modules/Units

AS Level – One Year (Year 12)

Paper 1

1. An introduction to the role of the accountant in business

2. Types of business organisation

3. The double entry model

4. Verification of accounting records

5. Accounting concepts used in the preparation of accounting records

6. Preparation of financial statements of sole traders

7. Limited company accounts

8. Analysis and evaluation of financial information

9. Budgeting

10. Marginal costing

Assessment

• Written exam: 3 hours, 120 marks, 100% of AS

Questions- Three compulsory sections:

• Section A has 10 multiple choice questions and short answer questions. The section is worth 25 marks.

• Section B has four structured questions. The section is worth 55 marks.

• Section C has two extended answer questions each worth 20 marks. The section is worth 40 marks

A Level – 2 Years

Paper 1

1. An introduction to the role of the accountant in business

2. Types of business organisation

3. The double entry model

4. Verification of accounting records

5. Accounting concepts used in the preparation of accounting records

6. Preparation of financial statements of sole traders

7. Limited company accounts

8. Analysis and evaluation of financial information

14. Accounting for organisations with incomplete records

15. Partnership accounts

16. Accounting for limited companies

17. Interpretation, analysis and communication of accounting information

18. The impact of ethical considerations

Paper 2

1. An introduction to the role of the accountant in business

2. Types of business organisation

3. The double entry model

8. Analysis and evaluation of financial information

9. Budgeting

10. Marginal costing

11. Standard costing and variance analysis

12. Absorption and activity based costing

13. Capital investment appraisal

17. Interpretation, analysis and communication of accounting information

18. The impact of ethical considerations

Assessment

  • Paper 1: Exam 3 hours (50%) Paper 2: Exam 3 hours (50%)

Both papers are written exams lasting 3 hours (120 marks)

Questions- Three compulsory sections:

• Section A has 10 multiple choice questions and several short answer questions. The section is worth 30 marks.

• Section B has two structured questions each worth 20 marks. The section is worth 40 marks.

• Section C has two extended answer questions each worth 25 marks. The section is worth 50 marks.

Progression Routes

An A Level in Accounting can lead to a career in the field of financial services, accountancy, bookkeeping, account management, business, teaching and many other job role opportunities. Moreover, an Accounting A Level will provide the fundamental knowledge and understanding to study accountancy at any university.

Contacts

Mrs S Butt - HOD: [email protected]

Miss S Philora: [email protected]

Miss Chambers: [email protected]