A Level Accounting (Reformed 2017)

 

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 Level 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 7126

 

Paper 1:
Subject content:

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 account records
Preparation of financial statements of sole traders
Limited company accounts
Analysis and evaluation of financial information
Budgeting Marginal costing

100% of AS
3 hour examination
120 marks

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

The textbooks are in the process of being updated to reflect the changes in specification.  Details will be available soon.

A Level

MPW approach to A Level study

Explores in depth all the topics covered in the A Level specification through study of both financial accounting and the recording of past events, and management accounting as a means of planning and control as these are not totally distinct areas of study but there is a strong interrelationship between the two. The principles of ethical behaviour which informs the actions of those working in the accounting environment will underpin the course.

A Level Specification Number
AQA 7127

 

Paper 1
Subject content:

Financial accounting
50% of A Level
3 hours examination
120 marks

Section A has 10 multiple-choice questions and several short answer questions worth 30 marks
Section B has two structured questions each worth 20 marks.
Section C has two extended answer questions each worth 25 marks.

Paper 1
Subject content:

Management accounting
50% of A Level
3 hours examination
120 marks

Section A has 10 multiple-choice questions and several short answer questions worth 30 marks
Section B has two structured questions each worth 20 marks.
Section C has two extended answer questions each worth 25 marks.

 

Reading list

The textbooks are in the process of being updated to reflect the changes in specification.  Details will be available soon.