Accounting and Finance A Level at The Compton School
Accounting is the study of the procedures used by organisations to record their financial transactions. A subject rooted in the business world, it combines well with A-Levels in Maths, Business Studies and Economics. It appeals to people with logical minds, good computational skills and an eye for detail. A/AS level in Accounting could form a useful basis for a degree in Business Studies, Banking and Finance or any other numerate discipline. The course covers all the different types of accounting, the methods used to verify information and the preparation of final accounts and balance sheets. It also analyses the ways in which managers plan ahead and control an organisation’s financial activities through applications of costing and budgeting, aided by information technology. Theory is applied by means of practical exercises and includes case studies and report-writing.
Your first (AS) year consists of two modules: 'Introduction to financial accounting' and ‘Financial and management accounting'. The first will teach you about key accounting records such as ledgers, income statements and balance sheets.
The second includes accounting for small businesses and companies as well as some aspects of management accounting such as budgeting. You will sit two 90-minute papers and each paper will carry 50 per cent of the marks for the year.
At A2 we will study financial and management accounting in more depth. In financial accounting we will look at accounting standards, investigate sources of finance as well as partnerships, and compile accounts from incomplete records. In management accounting we will move on to manufacturing accounts, costing, capital investment appraisal and social accounting. In the second year you will sit two papers lasting two hours apiece, each carrying 50 per cent of your marks for the year.
Studying Accounting will provide a student with one of the most sought after skills in any business. An understanding of the financial health is of utmost importance to any business, and all businesses employ the services of accountants to look after their financial affairs. If you decide to be an entrepreneur in future, become a thriving finance professional, or just lend a hand in the running of your family business, accounting knowledge can be very useful for you.
How to apply
If you want to apply for this course, you will need to contact The Compton School directly.