A Level Accounting

 

AS Level

MPW approach to AS study

The units are taught in order, building up skills and knowledge from day one. Students are encouraged to look at company reports as well as relevant financial newspapers and websites.

AS Specification Number
AQA 1121

 

Unit 1: Introduction to financial accounting

25% of A level
Written Paper: 1 hour 30 minutes
Students will develop an understanding of how the double- entry system operates as applied to the accounting systems of sole traders. They will develop skills in keeping accurate accounting records and be able to record a variety of transactions. Students will also be taught how to verify the accuracy of accounting records, explain the purpose and limitations of verification techniques and be able to assess the consequences of errors on profit calculations and balance sheets. They will also learn how to transfer relevant accounts to the income statement (trading and profit and loss account), balancing accounts and preparing a balance sheet set out in good form.

Unit 2: Financial and management accounting

25% of A level
Written Paper: 1 hour 30 minutes
Students will learn some of the ways in which financial accounting can provide valuable information for measuring and monitoring business performance and for planning future business operations. They will develop their ability to produce financial statements (final accounts) for sole traders as well as limited companies. Students will also be expected to understand how the financial structure of a limited company differs from that of a sole trader and a partnership, and how ownership and control are separated. They will also learn the importance of ratio analysis focusing on issues of profitability and liquidity and be able to demonstrate an understanding of the purposes of budgeting and be able to prepare cash budgets.

Reading list

Author
TitleISBN
David Cox & Michael Fardon  AS Accounting for AQA (2nd ed.)  ISBN 9781905777143

 

A2 Level

MPW approach to A2 study

A2 work reinforces and extends what was learnt at AS. Students are further encouraged to refer to a range of company material relating to financial reportage and press releases on the profitability of companies. Past paper revision is undertaken as each unit is completed.

A2 Specification Number
AQA 2121

 

Unit 3:Further aspects of financial accounting

25% of A level
Written Paper: 2 hours
In this unit, students will develop their understanding of financial accounting techniques which can be applied where a business does not maintain a complete accounting system. They will also develop an understanding of the techniques and procedures which are relevant to partnerships as well as their understanding of financial accounting in relation to limited companies. This will include developing an understanding of the content of published accounts and their importance to various user groups.

Students will be able to extend their range of advanced techniques and knowledge of accounting by the study of statements of cash flow and international accounting standards.

Unit 4: Further aspects of management accounting

25% of A level
Written Paper: 2 hours
In this unit students will learn more about the ways in which accounting techniques can be used to aid the management of a business and contribute to effective decision-making. They will develop an understanding of manufacturing accounts and certain cost concepts, including contribution, overhead absorption, activity based costing, standard costing and variance analysis. This will allow them 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 be expected to consider social accounting factors when making decisions.

Reading list

Author
TitleISBN
David Cox & Michael Fardon  A2 Accounting for AQA (2nd ed.)  ISBN 9781905777174

 

Anastasia

Grades achieved at MPW
A*A*A*

Progressed to
University College London (Economics) 

“Honestly, I could not imagine when I joined MPW that, due to language and adaptation barriers, I would achieve top grades in my first A-level exam sittings. This view changed completely after only a few weeks in the college’s supportive and motivational environment; with teachers who aimed at finding a personal touch with each student and with my Personal Tutor who made my adjustment to the UK education system not only an easy step in my life but, more importantly, an enjoyable one.”

Julia

Grades achieved at MPW
A*AABB

Progressed to
King's College London (International Relations)

 “The teachers really helped me overcome any difficulties I came across; they always seemed willing to offer support be it inside or outside of the classroom. I could safely say my teachers inspired me to work hard and aim for the best, sometimes simply by being passionate about what they do.”

Andrew

Grades achieved at MPW
A*AA

Progressed to
University of York (Law) 

“Having a Personal Tutor to discuss ANYTHING with, from my UCAS application to organising my life in general, really did make life at the college more streamlined and in general less stressful.”

Cynthia

Grades achieved at MPW
A*A*A*A

Progressed to
University College London (Economics)

“My subject teachers and Personal Tutor have been very patient and helpful in supporting my studies and university application.”

Akmaral

Grades achieved at MPW
A*A*A*

Progressed to
University College London (Mathematics and Statistics)

“International students have many aspects to think about, such as accommodation and guardians, but MPW surprised me by having a highly organised and supportive administration. Also, because most MPW Cambridge students are local, as an ‘international’ student, I found this very useful in both improving my English and in giving me a taste of a genuinely ‘English’ college.”