Accounting (A Level)

Why should I study A Level Accounting?

Achieving a qualification in Accounting will always be helpful for your future – whether it is used professionally or personally. The A Level course helps students to understand the responsibilities of the accountant and financial decision makers and the impacts of their recommendations on the business and the wider environment.

Students will build knowledge and understanding of key concepts, principles and techniques that they can apply to real-life scenarios, developing the ability to solve problems logically, analyse data methodically, make reasoned choices and communicate effectively.



 YEAR 1 OF AQA ACCOUNTING

The first year of the course covers the foundations of both financial and management/cost accounting.

Topics covered include:

    Role of the accountant in business

    Business organisation types

    Double entry model and accounting records 

    Verification of accounting records

    Accounting concepts

    Preparation of financial statements of sole traders 

    Budgeting

    Marginal costing

Progression to the second year of this A Level course will be dependent on having made satisfactory progress in the first year of the course, including achieving at least an E grade in a formal late spring assessment, as well as the maintenance of a good level of attendance and commitment throughout the year.

YEAR 2 OF AQA ACCOUNTING

The second year of the course covers more advanced techniques, building on prior knowledge and understanding of both financial and management/cost accounting. 

Topics covered include:

    Standard costing and variance analysis

    Absorption and activity-based costing 

    Capital investment appraisal 

    Incomplete records

    Partnership accounts

    Limited company accounts 

    Interpretation, analysis and communication of accounting information 

    Impact of ethical considerations

FINAL ASSESSMENT AT END OF YEAR 2 

Two 3 hour exams worth 50% each. Both papers contain multiple choice, short answer, structured and extended answer questions. There is no coursework.


Minimum Entry Criteria

Standard College entry requirements (as detailed on page 12 of the Prospectus) and a minimum of:  

 

GRADE 5

 

GCSE Mathematics

AND

 

GRADE 5

 

In one GCSE in a logical/systematic subject from one of: Biology or Chemistry or Physics or both 1st and 2nd grade Combined Science or Computing or Statistics or Further Mathematics

AND

 

GRADE 5

 

GCSE English Language or GCSE English Literature

OR

 


Grade 4 in both GCSE English courses and a grade 5 GCSE from one predominantly written based GCSE subject (History, Religious Studies or Sociology)













Core Mathematics (Mathematical Studies) is a very useful complementary course for this subject and is recommended as a further (4th) course choice for students who are not taking A Level Mathematics or A Level Statistics options.

Financial Certificate is an alternative ‘4th academic course option’ which will interest and be of value to a number of A Level Accounting students. It offers a practical look at the financial products we use on an everyday basis and how we can make the most of our personal finances.

WHAT CAN I DO AFTER STUDYING ACCOUNTING? 

A high proportion of Accounting students go on to study Accounting or finance related degree courses in Higher Education. Many others are successful in securing employment/apprenticeships in accounting both in the local area and with international firms based in London.

FURTHER INFORMATION 

The course can be combined with either Economics or Business.