We are currently waiting for Exam Boards to release the new accredited linear specifications and once we have reviewed these, we will update the website with our choice of Exam Board. However, this subject should cover an introduction to various accounting concepts and principles, and demonstrate their application to a range of accounting situations.
You can go on to study at university, studying a range of subjects from Economics, Business Studies, Management or Accounting and Finance. You can choose to go into the workplace and train to be a chartered accountant after college.
The course aims to teach the fundamentals of accounting. It is based on understanding the double entry system and learning how to prepare financial reports for sole-traders and limited companies. You will also look at the concepts guiding the preparation of these reports. In your second year, you will go on to look at the financial reports in greater detail as well as looking at what happens within an industrial setting, looking at how managers interpret financial statements to make costing and pricing decisions.
Teaching methods include explanation of accounting techniques followed by practical examples and case studies. Students will also be encouraged to utilise the interactive learning resources available to confirm and facilitate learning.
Assessment is via 3 exams at the end of Year 2. There will be various mock exams to prepare you for the final exams and regular mini-assessments after each topic.