A Level Accounting (Legacy)

 

What is Accounting?

Accounting is concerned with collecting, analysing, summarising and presenting financial data in order to comply with company legislation and assist decision making by management.

What sort of student does it suit and what will you get out of the course?

This subject is clearly an ideal introduction for students thinking of embarking on an Accounting career but it can also be a useful course for any numerate person with an interest in business and finance. It can combine well with Business Studies, Economics or Mathematics. During the course students learn to understand the major principles used in accountancy and to interpret and analyse the financial accounts of a business. They will need to apply the concepts and techniques of management accounting such as costing, investment appraisal and budgetary control. No prior knowledge of accounting is required but students should be comfortable with figures and data and be able to write logical, well-presented reports.

 

AS Level

MPW approach to AS study

The work will be largely conducted from the printed notes with additional information sheets and electronic resources designed to summarise the basic procedures involved in compiling the major accounts. Students are provided with worked examples to develop problem solving skills and the consistent application of the principles and rules. Students are required to work through the examples and complete part of the notes following the tutor during the lessons. Little note writing is required as the theory is relatively compact. Homework and timed assignments are set to reinforce what has been learnt in class.

 

AS Specification Number
AQA 1121

 

Module 1 - Introduction to Financial Accounting
25% of final qualification. 1hour and 30 minutes

This unit is designed as a foundation for the course and covers double-entry procedures as applied to the accounting systems of sole traders in accounting.

The assessment consists of four compulsory questions, each carrying a variable number of marks, each with a variable number of subquestions.

Module 2 - Financial and Management Accounting

25% of final qualification. 1hour and 30 minutes

This unit provides candidates with the opportunity to develop their knowledge and understanding of financial accounting and introduces the candidate to some of the ways in which financial accounting can provide valuable information for measuring and monitoring business performance and for planning future business operations.

The assessment consists of four compulsory questions, each carrying a variable number of marks, each with a variable number of sub-questions.

Reading List

AuthorTitlePublisher
Cox, D. and Fardon, M AS Accounting for AQA Osborne Books
Austen D AS Accounting Student's Book Nelson Thornes

 

A2 Level

MPW approach to A2 study

The teaching methodology applied to A2 study, is basically the same as AS. However, more emphasis will be given to analysis and evaluation as A2 will require additional intellectual demands. At least 20% of the total A level marks are for synoptic assessment, which encourages students to see the relationship between the different aspects of the subject content. It involves the explicit integration of knowledge, understanding and skills learned in different parts of the A level course. To this end, students are provided with a worked example of the accounting technique under discussion and a model that can be used for future reference. They then work through an exercise which covers the theory being addressed. Depending on the time available and response of the students, further specific past examination questions can be attempted until the techniques can be fluently applied.

Within this general structure there is scope to amend individual lessons (for example, to repeat areas of difficulty or go over homeworks or Timed Assignments), but the basic methodology will be the same throughout the course. Providing students with a well-structured and logical scheme of work is important as it should help them to work in a disciplined and consistent manner, with clear targets and deadlines. Regular revision is likely to lead to a good understanding of the principles as they are introduced, which is essential if they are to be successfully applied later on.

A2 Specification Number
AQA 2121

 

Module 3 - Further Aspects of Financial Accounting
25% of final qualification. 1hour and 30 minutes

In this unit, candidates will have the opportunity to develop their understanding of financial accounting techniques which can be applied where a business does not maintain a complete accounting system.

The examination paper consists of four compulsory questions, each carrying a variable number of marks, each with a variable number of subquestions. This unit is synoptic.

Module 4 - Further Aspects of Management Accounting
25% of final qualification. 1hour and 30 minutes

This unit provides an opportunity for candidates to develop further the ways in which accounting techniques can be used to aid the management of a business and contribute to effective decision-making. Students will develop an understanding of manufacturing accounts and certain cost concepts, including contribution, overhead absorption, activity based costing, standard costing and variance analysis. The unit provides an opportunity to develop two techniques for making capital investment decisions and develop further their understanding of sources of finance. Students will also develop further their understanding of budgeting and budgetary control and will be expected to consider social accounting factors when making decisions.

The examination paper consists of four compulsory questions, each carrying a variable number of marks, each with a variable number of subquestions. This unit is synoptic.

Reading list

AuthorTitlePublisher
Cox, D. and Fardon, M A2 Accounting for AQA Osborne Books
Austen D AQA A2 Accounting Student's Book Nelson Thornes

For full specification details, consult the exam board’s website on www.aqa.org.uk