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Accounting A Level at Sir John Lawes School

Course description

Board AQA (7127) 

This multi-disciplinary course provides the opportunity for students to develop their range of numeracy skills together with an appreciation of financial and management business issues.

Aims

  • To help students develop an understanding of the importance of effective accounting information systems and a critical awareness of current financial issues and modern business practices.
  • To help students understand the purposes, principles, concepts and techniques of accounting.
  • To develop the transferable skills of numeracy, communication, interpretation, analysis and evaluation in an accounting context.
  • To help students develop an appreciation of the effects of economic, legal, ethical, social, environmental and technological influences on accounting decisions.

Course content

Overview of Initial Topics

During the first half term we will be studying:

  • The purpose of accounting
  • The role of the accountant
  • Double entry bookkeeping
  • Types of business organisation 

 

PAPER 1: Financial Accounting

This unit teaches the basics of manual double-entry bookkeeping through the preparation of the trial balance, to the final accounts. The significance of key basic concepts such as prudence, consistency, accruals and going-concern is emphasised through the preparation of day books and ledger entries. Year-end accounts with adjustments include income statements and balance sheets for sole traders, partnerships and limited companies. Students will develop skills in the identification and correction of double entry bookkeeping errors with the use of control and suspense accounts. Accounts will be interpreted using ratio analysis focusing on the profitability and liquidity of a business. Students will learn to prepare accounts from incomplete records and consider the wider social and ethical implications of business decisions and the role of the accountant.

 

PAPER 2: Accounting for Analysis and Decision-making

This unit covers a wide range of management accounting techniques used to aid business decision making. Students investigate the principles and application of budgeting; standard costing and variance analysis; and capital investment appraisal techniques. The behaviour of costs is examined using cost-volume-profit analysis and comparing absorption and marginal costing. There is an overlap in subject content with Paper 1, the double entry model, interpretation of accounting information and ethical considerations will be examined in both papers. 

  

Entry requirements

In order to study Accounting at A Level we will expect students

  • to have an APS of 4.5 or above
  • to show a genuine interest in the financial aspects of business organisations.
  • to exhibit competence in handling and applying numerical data. 

 

Pre course Work

Print and read the specification for the course (subject content only).

Print and learn the formats for an Income Statement and Balance Sheet.

Create a glossary of all the key terms used within an Income Statement and Balance Sheet.

You will be tested on this knowledge in the first week of term.

Assessment

Both papers are taken in the summer at the end of Year 13. Each Paper is 3 hours in duration and will be a combination of multiple choice (25%), structured questions (33%), and extended answer questions (42%). Each paper is worth 50% of the total mark and both papers include computational and written answers.

There is no coursework option for this subject.

Future opportunities

An A Level in Accounting will provide some exemptions from professional exams (AAT) if you choose to follow a career in Accountancy.

The skills you will learn are also useful in a range of professions including banking, law, retail and sales. Any business you work within (even one you start yourself) will include accounting and finance and knowledge of this aspect of the business is a transferable skill. 

Further information

The study of Accounting gives students a sound understanding and insight into the world of business accounting. It can be combined particularly successfully with Business A Level.

We aim to invite guest speakers, to arrange relevant trips and also to take any opportunities that arise to participate in national competitions.

How to apply

If you want to apply for this course, you will need to contact Sir John Lawes School directly.

Last updated date: 03 January 2017
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    • We are a non‐selective, co‐educational boarding and day school which has been situated in one of the most beautiful settings Hertfordshire and the Home Counties could offer. St George’s is consistently in the top 5% of schools nationally for academic performance, with student achievement and progress being the envy of many independent schools.