Accounting

KS5 (Y12-Y13)

Accounting Course Guide

Qualification: AS level

Exam Board: Edexcel Code: WAC11

International Advanced Level Accounting (2015) Website

What topics does the course cover?

The unit is divided into six topics:

  1. Principles of accounting and double entry book-keeping
  2. Control procedures
  3. Financial statements of organisations
  4. Introduction to costing
  5. Analysis of accounting statements
  6. Social and ethical accounting.

What skills will be taught?

  1. Knowledge and understanding of the purposes of accounting, of accounting concepts and techniques and to develop the application of those techniques.
  2. The skills of numeracy, communication, presentation, analysis and evaluation of accounting information;
  3. The ability to compile accounting reports in good format and to use them as the basis of informed and rational decision-making;
  4. A capacity for logical and objective thought which will serve as an end in its own right, as well as a basis for further study in accounting

Qualification: A2 level

Exam Board: Edexcel Code: WAC12

International Advanced LevelAccounting (2015) Website

What topics does the course cover?

The unit is divided into nine topics:

  1. Limited companies
  2. Investment ratios
  3. Statement of cash flows
  4. Budgeting
  5. Standard costing
  6. Project appraisal
  7. Break-even analysis
  8. Marginal costing and absorption costing
  9. Information and communication technology (ICT) in accounting.

What skills will be taught?

A2 ACCOUNTING:

  1. A knowledge and understanding of the purposes of accounting, of accounting concepts and techniques and to develop the application of those techniques.
  2. The skills of numeracy, communication, presentation, analysis and evaluation of accounting information.
  3. The ability to compile accounting reports in good format and to use them as the basis of informed and rational decision-making.
  4. A capacity for logical and objective thought which will serve as an end in its own right, as well as a basis for further study in accounting.

Accounting Y12

Qualification: LCCI Level 2 Certificate in Book keeping and Accounts (Intermediate)

Exam Board: Pearson, London Chamber of Commerce and Industry Code: ASE20093

Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ)

Externally assessed 100% of the total qualification

Course specification: The Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ) consists of one externally examined paper.

Updated Syllabus LCCI L2 BKA Issue 4.pdf

What topics does the course cover?

  • Recording Financial Transactions
  • Control Accounts
  • Correction of Errors and the Journal
  • Adjustments in Financial Statements
  • Preparation of Financial Statements
  • Accounting Ratios.

What skills will be taught?

The Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ) and the legacy qualification are established and valued by employers worldwide and recognised by professional bodies. All businesses require accurate bookkeeping records that are maintained on a regular basis. Consequently, there is a demand for employees who possess these skills.

This qualification is intended for students who wish to gain a thorough foundation in bookkeeping and accounting practices, including double-entry bookkeeping. It is also for students who wish to understand bookkeeping and accounting in accordance with the International Accounting Standards Board (IASB). The qualification is also for those who are working, or who are preparing to work, in an accounting environment maintaining financial records and preparing accounts.

LCCI (Intermediate)

This qualification will give students the opportunity to develop an understanding of the basic principles underlying the recording of business transactions. It will also give students the ability to prepare and interpret accounts for sole traders, partnerships, limited companies, manufacturing and non-profit making organisations.

Sixth Form: International AS and A level

International A level: EDEXCEL WAC11/12 

This qualification is suitable for students who work, or who wish to work, in an advanced area of accountancy.  

All businesses require suitably skilled people who are able to prepare and maintain accurate accountancy records. They must also be able to produce regular accountancy statements and explain their meaning to management.  

This qualification is trusted and valued by employers worldwide and is recognised by universities and professional bodies. This will increase students’ employability in the sector and allow them to continue their academic development by progressing to the Pearson LCCI Level 4 Certificate in Financial Accounting (VRQ) or other professional accountancy qualifications.

Curriculum Content

The course is designed to teach you:

  • knowledge and understanding of the purposes of accounting, of accounting concepts and techniques and to develop the application of those techniques.
  • the skills of numeracy, communication, presentation, analysis and evaluation of accounting information.
  • the ability to compile accounting reports in good format and to use them as the basis of informed and rational decision-making.
  • a capacity for logical and objective thought which will serve as an end in its own right, as well as a basis for further study in accounting. 

How is the course assessed?  

You will take one written paper, 3 hours long, at the end of Year 12 and two further written papers, each 3 hours long, at the end of Year 13. 

What are the GCSE requirements for this course?

Students wishing to study Accounting in the Sixth form require the following:

  • A minimum of 5 GCSEs/IGCSEs is required
  • A minimum grade C in IGCSE Accounting is highly recommended  

Future Career Choices

GCE A level Accounting lays an appropriate foundation for the future study of vocationally related and occupational qualifications such as the Association of Accounting Technicians (AAT) Foundation, Intermediate and Technician levels. This syllabus also provides a useful grounding for foundation examinations offered by the professional bodies such as the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA) and the Chartered Institute of Public Finance and Accountancy (CIPFA).  

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