Millfield

Academic Subjects Accounting

Accounting

Accounting

AS and A2 Accounting is particularly suited to those students with good numeracy skills. It combines very well with Business Studies or Economics. The course is useful for those students interested in running their own business one day, as it will provide them with the knowledge and understanding of accounting concepts and the principles and techniques which are relevant to the business world.

This subject will also prove extremely valuable for anyone interested in a career in accountancy or indeed for any business related career. The course is clearly divided into two AS level and two A2 level modules. At AS level the focus is on the fundamental concepts: the basic recording techniques using debit and credit; the construction of final accounts for organisations such as sole traders, partnerships and clubs. Error correction and stock valuation are also looked at, as is the interpretation of accounts using ratios.

At A2 the majority of the course is directed towards costing and management accounting. It looks in some detail at budgeting, capital investment appraisal and variances as well as the implications of using marginal or absorption costing. It also covers the preparation and presentation of limited company accounts for publication and accounting for share issues.

It aims to develop some appreciation of the effect of economic, legal and technological change on accounting and of the social implications of accounting decisions.

The whole course aims to develop the skills of communication, numeracy, presentation, analysis, interpretation, application and evaluation of accounting information. Over the years the subject has proved an attractive option to a wide range of students. Academically strong students find that it complements a wide range of subject combinations and our experience is that they gain top grades. The not so academically strong are also very well catered for as the department has extensive experience in getting the best out of students who would struggle with the traditionally academic subject combinations. Statistics over a number of years show that such students often gain their best grade in Accounting.

Entry Requirements: No prior knowledge of accounting is expected, but candidates with less than a B grade at Maths GCSE will probably struggle as the subject is very numerate.

Course Content:

Advanced Subsidiary Accounting consists of the following modules examined by the OCR Board:-

• Accounting Principles
• Financial Accounting

Advanced Accounting consists of the following modules:-

• Management Accounting
• Company Accounts and Interpretation

External Examinations are available in January and June each year. Modules 1 and 4 are offered in January and all four are offered in June. The AS and A level papers each last for one and a half hours.

There is no coursework.

Accounting