Accounting A Level at Prior Pursglove And Stockton Sixth Form College
Accounting techniques have been used for 100s of years, whereby businesses need to understand if they have made a profit or not. Now they are used by a massive range of organisations – businesses, councils, hospitals, schools, clubs and charities among others.
It is taking the information from the source documents – invoices and receipts, through to book keeping and double-entry down to producing the final accounts of income statement and balance sheets.
Accounting looks at the collection, recording, compiling and forecasting of financial information. You will examine how managers can use financial information in their decision making, also question the value of many accounting techniques and consider their relevance in the modern world.
Why should I study Accounting?
To help answer this question, here are the thoughts of current students on the AS Course:
You should study Accounting if:
- you are interested in how a business makes a profit
- you are wanting to work within the financial industry
- you enjoy challenging yourself and problem solving
- you have a methodical mind
You shouldn’t study Accounting if you think this is a Maths subject.
Useful Skills and Interests
You should have the capacity for methodical and critical thought.
During the first year you will learn the fundamentals of record-keeping and the purposes, techniques and consequences of effective financial accounting. You will consider how financial accounting helps in the measuring, monitoring and planning of successful business operations.
Currently, year one is made up of two units covering the following topics:
- The purposes of accounting
- Accounting records: subsidiary books and ledger accounts and their verification
- Trading and profit and loss accounts and balance sheets
- The different types of business organisations
- Further aspects of the preparation of the final accounts of sole traders
- Internal final accounts of limited companies
- Ratio analysis and the assessment of business performance
- Introduction to budgeting and budgetary control
- The impact of ICT in accounting
The second year is made up of a further two modules and focuses on the following areas:
- Sources of finance
- Incomplete records
- Partnership accounts
- Published accounts of limited companies
- Accounting standards
- Stock valuation
- Manufacturing accounts
- Marginal, absorption and activity based costing
You will need a GCSE average score of 5.5 or above and a GCSE grade B or above in Mathematics as number work will feature in almost all lessons! You do not need to be doing maths to do accounting – the course does not use higher level mathematical concepts, but you will make full use of GCSE techniques.
It is expected that each of the units will be assessed by external examinations at the end of the course.
Many students secure employment in accounting, banking, insurance, business or retailing. Accounting also leads to University courses in accounting, business, economics, finance, and is a good supporting course for all other degrees.
Some of the students who studied this course at Prior Pursglove College progressed on to:
- Manchester Met University – Business Management
- Newcastle University – Accounting & Finance
- Northumbria University – Law
- Teesside University – Accounting & Finance
- York St John University – Accounting & Finance
Accounting is a vocational skill as well as an academic subject. As with any vocational skill you will only improve with constant practice. You must be prepared to put a lot of time in on practical accounting exercises to ensure success.
How to Work Out Your GCSE Score
Each GCSE grade is given a number of points as outlined below:
- A* = 8 points A = 7 points B = 6 points
- C = 5 points D = 4 points E = 3 points
- F = 2 points G = 1 point U = 0 point
Write down the full GCSE subjects you have taken and the results that you have achieved or hope to gain. Do not include vocational or GCSE short courses. Then add the points together and divide by the number of subjects you have taken to gain an average GCSE score.
How to apply
If you want to apply for this course, you will need to contact Prior Pursglove And Stockton Sixth Form College directly.