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Accounting

Accounting is often described as the language of business and whether it is managing personal finances, compiling a tax return, or working within an organisation, an understanding and awareness of financial matters is necessary for us all.

Studying A Level Accounting provides our students with an understanding of the role of modern accountants and how they are essential for supporting sound decision-making in every organisation.  They enable businesses to reach their goals by analysing performance and delivering accurate financial reports.

Our curriculum aims to ensure all students develop financial knowledge and awareness, conceptual understanding, skills, and learner attributes through extensive practical application of accounting principles and standards.  Many of the concepts and methods coached during the course are used by professional accounting institutes, making this an excellent foundation to any career in accounting, business, or finance.   

We nurture our students to apply the fundamentals of double entry bookkeeping to enable them record financial transactions for both sole traders and limited companies, develop their analytical skills to inform decision-making and investment choices, and advance their ability to plan and budget for the future through a greater understanding of cost control and a range of budgeting strategies.

The Core Concepts 

  • The Accounting System: Double entry bookkeeping and preparation of financial statements for sole traders and limited companies
  • Analysis and Evaluation of Financial Information: Ratio analysis
  • Planning and Control: Budgeting, costing and variance analysis
  • Decision-making: Capital investment appraisal
  • Business Organisations: Business structures, sources of finance and administration
  • Professional Guidelines: Ethical principles and accounting concepts

key stage 5

AQA A Level Accounting (7127)

An outline of the AQA course specification is shown below:

  • An introduction to the role of the accountant in business
  • Types of business organisation
  • The double entry model
  • Verification of accounting records
  • Accounting concepts used in the preparation of accounting records
  • Preparation of financial statements of sole traders
  • Limited company accounts
  • Analysis and evaluation of financial information
  • Budgeting
  • Marginal costing
  • Standard costing and variance analysis
  • Absorption and activity-based costing
  • Capital investment appraisal
  • Accounting for organisations with incomplete records
  • Partnership accounts
  • Accounting for limited companies
  • Interpretation, analysis and communication of accounting information
  • The impact of ethical considerations