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.
AS Level – AQA 7126
A level – AQA 7127
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
• 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
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
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.
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.
Mrs R Odedra: [email protected]