KS5: A Level Accounting
By the end of year 12 the students will have a clear understanding of topics 3.1-3.8 The Students will understand the role and develop the skills of the accountant in developing and evaluating accounting information systems and in preparing financial and management accounting information. They will apply the principles and techniques of accounting in the preparation of financial and management accounting information including using the double entry model to: record transactions; prepare financial statements for different types of organisations; and prepare management accounting information to enable management to plan, control and make decisions.
By the end of year 13 the students will have a clear understanding of both Financial and Management Accountancy techniques and Principles. They will be able analyse and evaluate a range of financial and management information and communicate the outcomes numerically and verbally. They will also be evaluate the impact of ethical considerations on the accountant and the duty to be truthful and accurately represent the facts when preparing and presenting accounting information, undertaking financial decision making and addressing the concerns of stakeholders . They will be further develop their ability to solve problems logically, analyse data methodically, make reasoned and justified decisions and use different reporting methods to communicate these to stakeholders.
The AQA A-level qualification in Accounting (7127) specification is divided into two sections – Financial Accounting and Management Accounting.
Financial accounting focuses on double-entry bookkeeping, preparing financial statements for external use in compliance with the relevant accounting standards and company law as well as interpreting financial statements.
Management accounting focuses on financial statements for internal use and decision making as well as interpretation and analysis of financial statements.
The course further highlights ethical considerations in compliance with International Accounting Standards and Company Law.
During the 2 year course, students explore these topic areas:
- The role of the accountant in the business.
- Types of business organisations.
- Double entry model and accounting for organisations with incomplete records.
- Verification of accounting records.
- Preparation of financial statements for sole traders, partnerships and limited companies.
- Interpretation, analysis, evaluation an analysis of financial and accounting information.
- Costing methods:
- Marginal costing
- Standard costing
- Absorption costing
- Activity based costing
- Variance analysis
- Capital investment appraisals.
- Impact of ethical considerations.
Exam Board Information
AQA A Level Accounting (7127)
Digital materials via Google Classroom, Youtube , Textbooks and study guides