What is it?
Accounting – known as the ‘language of business’ – is essential to the recording and presentation of business activities in the form of accounting records and financial statements. Accountants are responsible for providing reliable and relevant information for various stakeholders of a business.
Why study this course at Blackpool Sixth?
This course will allow you to build the relevant skills to move onto a degree course or employment in the finance industry. With our links with both local and national employers you will gain insight into what careers are available in accounting. Throughout the year different accountants and financial employers as guest speakers will visit to share their experiences of working in the finance industry.
Where does it lead?
We will work with students to successfully support applications to be accepted onto the world-class degree programmes such as the EY degree at Lancaster University, PWC degree at Newcastle and Nottingham University, and KPMG degree at Durham, Exeter and Birmingham universities. See here for more information about routes into accountancy careers here.
Specific course entry requirements?
Grade 5 in Maths and a 5 in English Language or other essay writing subject.
What will I study?
Component 1
Percentage of total marks: 50%
Method of assessment (coursework, exam, etc.): 3 hour exam
This is a foundation for the rest of the course, and any further study of accounting after A Levels. It covers:
- An introduction to the role of the accountant in business.
- Types of business organisation
- The double entry model
- Verification of accounting records
- Accounting concepts used in the preparation of accounting records
- Preparation of financial statements of sole traders
- Limited company accounts
- Analysis and evaluation of financial information
- Accounting for organisations with incomplete records
- Partnership accounts
Component 2
Percentage of total marks: 50%
Method of assessment (coursework, exam, etc.): 3 hour exam
This component further develops the student’s knowledge and understanding of financial and management accounting.
This unit of study includes:
- Budgeting
- Marginal costing
- Standard costing and variance analysis
- Absorption and activity based costing
- Capital investment appraisal