Cambridge IGCSE Accounting is accepted by universities and employers as proof of an understanding of the theory and concepts of accounting, and the ways in which accounting is used in a variety of modern economic and business contexts.
Candidates focus on the skills of recording, reporting, presenting and interpreting financial information; these form an ideal foundation for further study, and for a future career within the profession.
SYLLABUS AIMS
The aims of the Cambridge IGCSE Accounting syllabus are to enable students to develop:
ASSESSMENT OBJECTIVES
AO1 Knowledge with understanding
To pass Cambridge IGCSE Accounting, candidates should be able to:
AO2 Analysis
To pass Cambridge IGCSE Accounting, candidates should be able to:
AO3 Evaluation
To pass Cambridge IGCSE Accounting, candidates should be able to:
SYLLABUS CONTENT AT A GLANCE
The purpose of accounting – Sources and recording of data
Verification of accounting records
Accounting procedures
Principles of financial statements
Preparation of financial statements
Analysis and interpretation
Accounting principles and policies
ASSESSEMENT
There are two compulsory components: Paper 1 and Paper 2.
Paper 1 (1¾ hours)
This is a structured question paper with 8–12 multiple choice items and short-answer
questions. There are usually between 4 and 5 questions based on topics from the whole of the syllabus. All questions are compulsory, and candidates answer on the question paper. There are 120 marks for this paper.
50% of total marks
Paper 2 (1¾ hours)
This is a structured question paper. There are usually 4 to 6 questions based on topics from the whole of the syllabus. All questions are compulsory, and candidates answer on the question paper. There are 120 marks for this paper.
50% of total marks
The aims of the International Advanced Level in Accounting are to encourage learners to develop:AIMS AND OBJECTIVES
ASSESSMENT OBJECTIVES AND WEIGHTINGS
% in
IAS
|
% in
IA2 |
% in
IAL
|
||
A01 | Demonstrate knowledge of accounting
procedures and techniques and an understanding of the principles and concepts upon which they are based |
30 |
20-25 |
25 |
A02 | Select and apply knowledge and understanding of accounting procedures, techniques, concepts and principles to a variety of accounting situations.
Present accounting information in an appropriate format. |
40-45 |
45 |
42.5 |
A03 | Analyse financial information, interpret financial
data and information and communicate reasoning, showing understanding |
15-20 |
20-25 |
20 |
A04 | Evaluate financial and non-financial evidence and
make informed recommendations and decisions |
10 | 15 | 12.5 |
100% | 100% | 100% |
SPECIFICATION AT A GLANCE
IAS Unit 1: The Accounting System and Costing
Unit code WAC11
100% of the total IAS raw marks
50% of the total IAL raw Marks
Content summary
Students will be assessed on their knowledge, understanding and skills of accounting systems and costing.
The unit is divided into six topics:
IA2 Unit 2: Corporate and Management Accounting
Unit code WAC12
100% of the total IA2 raw marks
50% of the total IAL raw marks
Content summary
Students will be assessed on their knowledge and understanding of and skills in corporate and management accounting.
The unit is divided into nine topics:
ASSESSMENT FOR UNIT 1 AND UNIT 2
Marks allocated in Unit 2: 200 marks