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Home » Courses » A Level Accounting

A Level Accounting

This course helps to develop numerical, analytical, and problem-solving skills to support future career goals. The course is varied including both financial and management accounting content to give you insightful knowledge and skills relevant to the world of financial management.

WHY CHOOSE THIS COURSE?

Learners will enhance their financial and problem-solving skills and develop an understanding of how to prepare accounts for different types of organisations, from sole traders to partnerships and limited companies. You will be able to evaluate the performance of a business to make informed investment decisions. Additionally, you will develop your analytical and evaluative skills through extended written responses and essay answers to show further depth of subject knowledge. A Level Accounting particularly complements subjects such as Business Studies and Economics and is also a popular choice for the more mathematically or logical minded.

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Start date: 09/09/2024

Course code
ALACCOU24T
Level
Level 3
Location
Truro College
Duration
2 years
Qualification
A Level

TOP COURSE HIGHLIGHTS

regular assessment

budgeting and analysis

progression routes

dedicated student community

Business, Admin, Finance & Law at Truro and Penwith College

Engaging environment

Exciting opportunity to develop your financial skills within a highly supportive and engaging classroom environment.

Business Admin And Law00005

Experienced staff

Experienced delivery team-lecturers with experience delivering on both further education and professional (AAT) courses.

General FE 00006

Range of resources

Range of resources-wide range of materials available to support learners including textbooks, electronic resources, and revision packs.

WHAT WILL I LEARN?

A Level Accounting covers a wide variety of areas including the following:

  • Role of the accountant – includes their responsibilities within business together with the difference between management and financial accounting.
  • Types of business organisation – investigates the different ownership models from large public limited companies to sole traders.
  • Double entry – an opportunity to learn the system that underpins accounting across the world.
  • Verification of accounting records – use of trial balance, reconciliation statements and control accounts to check the accuracy of financial information.
  • Accounting concepts – understand the rules, assumptions and conditions that determine how accounting operates in order to ensure that accounts show a true and fair view.
  • Preparation of financial statements of sole traders and limited company accounts – includes drafting income statements, statement of changes in equity and statements of financial position (the statements that show how much profit a business has made and its potential value).
  • Analysis and evaluation of financial information – use of ratio analysis to assess the financial performance of a business.
  • Budgeting – here we explore how accounting techniques are used in the preparation of budgets including incremental and zero-based approaches.
  • Marginal costing – introduction to cost behaviour and break-even.
  • Standard costing and variance analysis – use of methods to support budgetary control and evaluate performance including the calculation of variances.
  • Absorption/activity-based costing – learn about the advanced costing techniques to calculate unit costs for a manufacturing business.
  • Capital investment appraisal – here you will be able to apply the techniques to be able to appraise the viability of different business projects.
  • Incomplete records – use of problem-solving techniques to calculate missing figures from insufficient accounting information.
  • Partnership accounts – prepare the financial statements for partnerships and the rules that govern them.
  • Ethical considerations – examine the fundamental principles that impact on the behaviour of accounting professionals.
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WHERE WILL IT TAKE ME?

Many students progress directly from their A Level programme to a variety of Accounting and Finance based degree programmes. There are opportunities to further enhance your employability skills through virtual placements offered by a range of institutions including PwC and ICAEW. Students could gain an AAT apprenticeship after their A Level studies and potentially progress from this to become a fully qualified accountant.

A small number of universities may require a specific grade in A Level Mathematics to go onto an Accounting/Finance degree.

Assessment Arrangements

Students will be assessed regularly regarding their abilities to produce book-keeping records, financial statements, and written responses to given situations. This will be through homework and in-class formal assessments.

Final examinations are in the following format:

Papers 1 and 2 – 50% each of the A Level, 3 hour papers, 120 marks each. Section A has 10 multiple choice and short answer questions, Section B has two structured questions and Section C two extended answer / essay questions. Paper 1 focuses on financial accounting whilst Paper 2 concentrates on management accounting content.

Entry Requirements

Five GCSEs including Mathematics grade 6 AND English Grade 4.

Information & Support

The complete syllabus will be covered in class and are available via Moodle and OneNote along with exercises, glossary terms and other literature used to support learners. Students are also given regular learning objectives, so they understand what is required of them and to help prepare for formal assessments.

Meet the staff, tour the campus and find out about life as a student at one of the best colleges in the country.

What you could earn

  • Marketing and Sales Directors
  • Financial Managers and Directors
  • Chartered and Certified Accountants
  • Financial and Accounting Technicians
  • Advertising Accounts Managers and Creative Directors
  • Financial Accounts Managers
  • Sales Accounts and Business Development Managers
  • Market Research Interviewers
Potential Salary

£152,476

Entry Level Salary

£28,913

Average Salary

£68,495

Annual openings in Cornwall

54

Potential Salary

£136,498

Entry Level Salary

£19,455

Average Salary

£54,991

Annual openings in Cornwall

133

Potential Salary

£67,390

Entry Level Salary

£18,114

Average Salary

£38,413

Annual openings in Cornwall

39

Potential Salary

£76,379

Entry Level Salary

£17,183

Average Salary

£37,832

Annual openings in Cornwall

5

Potential Salary

£63,515

Entry Level Salary

£25,514

Average Salary

£36,890

Annual openings in Cornwall

10

Potential Salary

£66,973

Entry Level Salary

£16,426

Average Salary

£33,173

Annual openings in Cornwall

18

Potential Salary

£84,515

Entry Level Salary

£25,256

Average Salary

£47,483

Annual openings in Cornwall

78

Potential Salary

£32,910

Entry Level Salary

£7,917

Average Salary

£20,459

Annual openings in Cornwall

5

Our colleges

Truro College
College Road
Truro
Cornwall
TR1 3XX

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