A level Accounting Course
What board do we do? AQA, As code: 7126 A level subject code: 2121
What is Accounting?
Accounting is known as the language of business. It is essential for the recording and presentation of business activities in the form of business accounts, financial reporting in the form of financial statements and the provision of relevant economic information for management decision making and control. Accounting serves this purpose by identifying, classifying and summarising, and presenting financial information in order to facilitate decision making and compliance with the law. It looks at ways in which businesses can maximise profits, manage costs and allocate resources effectively and efficiently.
What careers and University courses can Accounting lead to?
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. Accounting knowledge can be very useful for you 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.
A level Accounting is relevant for students who want to pursue a degree in Accounting or Business Studies at university. Almost all such degrees may have several Accounting modules in their programmes.
A level Accounting is a must for students who wish to pursue a professional qualification in accountancy from one of the six major accountancy bodies in the UK.(See http://www.ccab.org.uk/ and http://www.cimaglobal.com/ ) As a profession, accountancy ranks amongst the highest in the UK, with the Big Four accountancy firms featuring consistently in the top 10 of the Times Top 100 Graduate Employers rankings (see http://www.top100graduateemployers.com/ ).
A finance background can also be of use if you aspire to work in a managerial role for any organisation in the future. About 49% of the CEOs of FTSE 100 companies came from a financial background either holding an accountancy qualification or having held a previous finance role (www.accountancyage.com).
Accounting at both AS and A2 levels involve a study of both financial accounting and management accounting.
AS Examinations (2 units)
Unit 1- ACCN1: Introduction to Financial Accounting (50% of AS, 25% of A level; I hour 30 minutes written examination)
Unit 2 - ACCN2: Financial and Management Accounting (50% of AS, 25% of A level; I hour 30 minutes written examination)
A2 Examinations (2 units)
Unit 3 - ACCN3: Further Aspects of Financial Accounting (25% of A level; 2 hour written examination)
Unit 4 – ACCN4: Further aspects of Management Accounting (25% of A level; 2 hour written examination)
Book List AS & A2
AQA Accounting for AS: Austen, D & Hailstone, P
(Nelson Thornes: ISBN: 978-408515570
Business Accounting Volume 1 (10th edition): Wood, F & Sangster, A
(FT Prentice Hall: ISBN: 978-0273681496)
A2 Accounting for AQA: Claire Merrills & Jacqueline Halls-Bryan
(Nelson Thornes: ISBN 978-748798704)