Accounting

Why should I study Accounting?

Accounting is an interesting and challenging subject which will give you an insight into the preparation and techniques needed to produce financial accounts as well as the role of accounting in business decision making. The course is of interest to anyone wishing to pursue a career in accounting or who wishes to know more about the financial side of business management.

What will I study?
In the first year, you’ll be introduced to the role of an accountant in a business, different types of business structures that exist, and the foundation of accounting double entry book-keeping. You’ll learn how businesses keep accounting records and be able to prepare financial statements (income statements and statements of financial position) for both sole traders and limited companies, evaluating the performance of these businesses using ratio analysis.

In the second year, the initial focus is on the internal financial techniques the accountant uses in order to help the managers of the business make better financial decisions,. These include budgeting, marginal, absorption and standard costing, and capital investment appraisal. You’ll then learn about accounting for partnerships and plcs, whilst all the time, considering the ethical impact of a company’s financial decisions.

What are the entry requirements?
Level 4 in English Language, Level 6 Maths with a minimum average of GCSE point score of 4.3

What skills do I need?
The ability to interpret, analyse and evaluate numerical information.
The ability to handle simple numerical concepts.
Ability to problem solve.
A willingness to learn layouts and procedures.

How will I be taught?
A range of teaching methods will be used to encourage your learning. Lessons will involve paired and group-work challenges, and exam practice with particular emphasis on perfecting technical skills. The course is also supported by online materials.

How will I be assessed?
The course is externally examined at the end of the second year by two 3 hour exams, with each contributing 50% to your overall result. Both exam papers consist of a mix of multiple choice, short answer questions, structured questions and extended answer questions.

What will the course prepare me for?
A head start with career paths within accountancy, and many business degree courses which enable you to progress to a whole range of careers.

How much private study should I expect to do?
As an approximate guideline Year 12 subjects require three to four hours of independent study each; Year 13 subjects four to five hours each.

What materials will I need to purchase?
You’ll need a calculator and pens. Ideally, you should also have a ruler and pencil.

What is the exam board?
AQA

This subject is for you if…
you like solving problems, are hard working and interested in the financial aspects of a business organisation.

This subject is not for you if…
you just want a calculation based subject, don’t like exams, and aren’t fully committed.

‘“An interesting subject that I feel has plenty of benefits in life”
Luke Fellows, Freeston Academy

“I picked accounting because I needed a fourth subject, however, even though I struggled a lot, I received lots of help from the teachers. I want to be an accountant as it was fun and challenging”
Alice Lin,Cathedral Academy