A-level Accounting

This unit introduces the fundamental principles of financial accounting and the role accounting plays within different types of business. It explores how financial transactions are recorded and verified, alongside the key concepts used to produce accurate and reliable accounting records.

• The Role and Responsibilities of Accountants in Business
• Different Types of Business Organisation
• Principles of the Double-Entry Accounting System
• Checking and Verifying Accounting Records
• Accounting Concepts Used to Prepare Financial Records

This unit introduces the preparation and interpretation of financial statements for different types of business. It explores the accounting requirements of sole traders and partnerships, while also considering the importance of ethical behaviour and professional responsibility when producing and presenting financial information.

• Preparing Financial Statements for Sole Traders
• Partnership Accounts and Financial Statements
• Ethical Considerations in Accounting

This unit introduces the principles and techniques of management accounting used to support planning, control and decision-making within a business. It explores different approaches to budgeting and costing, alongside methods for comparing expected and actual performance and identifying areas requiring management attention.

• Budgeting and Financial Planning
• Marginal Costing Techniques
• Standard Costing and Variance Analysis
• Absorption Costing and Activity-Based Costing

This unit explores the accounting principles and practices used by limited companies when recording financial activity and preparing financial statements. It considers the particular accounting requirements of limited companies and how financial information is presented to provide an accurate picture of business performance and financial position.

• Preparing Limited Company Accounts
• Accounting Principles and Practices for Limited Companies

This unit develops the skills needed to examine financial information and use it to support effective business decision-making. It explores techniques for evaluating financial performance and investment opportunities, alongside the interpretation and clear communication of accounting information to relevant stakeholders.

• Analysing and Evaluating Financial Information
• Capital Investment Appraisal Techniques
• Interpreting, Analysing and Communicating Accounting Information