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.

Jonathon

Grades achieved at MPW
A*AA

Progressed to
Exeter University (Business Management)

I chose MPW because of the academic support provided by the college, which was instrumental in helping me throughout the challenging nature of my one-year A level courses. The weekly Timed Assignments and assistance provided by the Personal Tutor system helped me in areas I had previously struggled. Playing for the college football team was a great release from the challenging academic nature of the year and it helped me build friendships with other students in the college.

Shivali

Grades achieved at MPW
AAA

Progressed to
Leeds University (Dentistry)

The best part about studying at MPW is the friendly, encouraging and supportive classroom environment that MPW provides.  It makes asking for help and reaching your potential easy and enjoyable. The college really helps students to believe in themselves.  The Personal Tutor system is great because it is available for you to use to whatever extent you might need whether that be having weekly meetings or meeting every now and then for a quick catch up to analyse my current progress.  The weekly Timed Assignments have also enabled me to build my confidence in the build up to my exams.  They help you to feel comfortable in an exam environment, as well as enable you to consolidate the material you need to recall in the final exams

Annabel

Grades achieved at MPW
A*AB

Progressed to
Exeter University (International Relations and History)

“Having not achieved the grades I wanted or needed in my A levels at my previous college I decided that retaking would be the best option for me.  I have found the small classes at MPW to be a real asset, and that, coupled with the fantastic teaching, has certainly enabled me to grow academically. Further to this, both the academic support and the university guidance provided by the college have been exceptional.”

Renee

Grades achieved at MPW
A*A

Progressed to
Manchester University (Dentistry)

After failing to get into Dental School last year I lost a lot of confidence and was worried that I might never get into my dream course.  The one-to-one support you get from MPW is so much more efficient compared to the main stream schools and colleges. The individual help you get for applying to University which includes interview support is amazing. No matter if you are a resit or a first time student, no one judges you and as long as you are hardworking and want to be a success.

Jake

Grades achieved at MPW
A*A*A*A

Progressed to
Oxford University (Mathematics)

I joined MPW because I wanted to be part of a close knit community that focuses on helping students attain the grades they are really capable of.  Each student is assigned a Personal Tutor who assists them in all aspects of student life.  I would recommend the individual and personally tailored care given to any student looking to expand their academic horizons.  The encouragement and support has allowed me to aim high and achieve results that I had previously thought weren't possible. 

Cordelia

Grades achieved at MPW
A*AA

Progressed to
King’s College London (Dentistry)

MPW gave me a second chance in pursuing a career in dentistry. The small class sizes and weekly timed assessments gave me and my tutors a clear indication of my progress.  The rigorous teaching schedules, structured and tailored to my personal needs, was exactly what I needed. MPW placed heavy focus on exam technique as the key to achieving the required higher grades. Being able to talk with my tutors at any time in the day was an invaluable aid. It was also clear how much the teachers took a personal interest in the development of each individual student.

Josephine

Grades achieved at MPW
A*AA

Progressed to
University of Warwick (Management)

I joined MPW having not fulfilled my academic potential during my AS level exams at my previous school. I decided to retake my AS year at MPW and it was the best decision I ever made. The tutors at MPW have pushed me to achieve my maximum potential and have greatly improved my academic performance. The best part of studying at MPW is the weekly timed assignments as they ensure that you continuously review and revise work as well as helping you to make weekly improvements on exam technique.

Olivia

Grades achieved at MPW
A*AA

Progressed to
Bristol University (Dentistry)

Throughout my time at MPW I have been provided with constant support.  The college has prepared me for not only my exams but also the university interviews I attended.  It has been an amazing experience from start to finish.  The friendly and welcoming environment created by the staff and students made it an ideal setting for me to concentrate on achieving my targets.

Alex

Grades achieved at MPW
AAA

Progressed to
University of Birmingham (Law)

I came to MPW with very low self-confidence after under-achieving at AS level at my previous school, and have left with greater confidence about my academic ability and with a definite degree of clarity about what I hope to achieve in terms of my career. My experience at my previous school was that those with Oxbridge potential receive the most support and attention. This is not the case at MPW. I have found that it does not matter about that what the student's potential may be, each student receives the same amount of help to achieve their goals.