A Level Accounting
- Week 1: Monday 3 April – Friday 7 April
- Week 2: Monday 10 April – Friday 14 April
- Week 3: Monday 17 April – Friday 21 April
(Good Friday is 7 April 2023; Easter Monday is 10 April 2023)
Suitable for all boards.
Length of Course
Five full days, 40 hours total.
9.00am to 12.30pm or 1.00pm to 4.30pm daily.
The course covers the following topics that are common to all specifications:
Topic 1 (AS) – Double Entry Book Keeping System:
Purposes of accounting; Accounting records including subsidiary books and ledger accounts based on source documents.
Topic 2 (AS) – Final Accounts:
Trading and profit and loss accounts and balance of sole traders with some simple adjustments.
Topic 3 (AS) – Verification of Accounting Records:
Preparation of trial balances, bank reconciliation statements, and sales and purchases ledger control accounts; Error corrections.
Topic 4 (AS) – Further Aspects of the Preparation of the Final Accounts:
Accounting concepts; making adjustments for bad debts recovered, income due and received in advance, provisions for doubtful debts, provision for depreciation and disposal of fixed assets; Capital and revenue expenditure and income.
Topic 5 (AS) – Limited Companies and Management Accounting:
Types of business organizations; Internal final accounts of limited companies and rights and bonus issues; Ratio analysis and the assessment of business performance; Introduction to budgeting and budgetary control, and cash budget; The impact of ICT in accounting.
Topic 6 (2nd Year) – Incomplete Records:
Different types of business finance; Preparing and commenting on final accounts and balance sheet of sole trader based on
Topic 7 (2nd Year) – Partnership Accounts:
Profit and loss appropriation accounts, capital and current accounts of partners, changes in a partnership and dissolution of a partnership.
Topic 8 (2nd Year) – Other Aspects of Financial Accounting:
Published accounts of limited companies; Cash flow statements; Accounting standards; Stock valuation.
Topic 9 (2nd Year) – Manufacturing Account and Cost Management:
Preparing and commenting on the final accounts and balance sheet of manufacturing organization; Marginal, absorption and activity based costing; Standard costing and variance analysis.
Topic 10 (2nd Year) – Other Aspects of Management Accounting:
Capital investment appraisal including payback and net present value (discounted cash flow) methods; Further considerations of budgeting including purchases, sales, production, labour, debtor and creditor budgets and their relationship with the master budget; Other factors affecting decision making.
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