The course involves the preparation of financial statements for statutory purposes, and management accounts in support of financial planning and management decisions. There will be both standard classroom and Computer Room lessons. The two papers sat at the end of this two-year linear course, broadly break down the course into these two areas. Both papers however require students to interpret and analyse financial information, in order to form reasoned arguments, reach reasonable conclusions and make recommendations. The course breaks down more specifically into the following topic areas: • 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 • Budgeting • Marginal costing • Standard costing and variance analysis • Absorption and activity based costing • Capital investment appraisal • Accounting for organisations with incomplete records • Partnership accounts • Accounting for limited companies • Interpretation, analysis and communication of accounting information • The impact of ethical considerations
Examination (100%) Coursework (0%) Examining Board – AQA There are 2 examination papers, sat at the end of two years, each contributing 50% towards the qualification, totalling 120 marks and lasting 3 hours. Each paper has 3 sections: Section A comprising 10 multiple choice questions and short answer totalling 30 marks; Section B has two structured questions each totalling 20 marks; Section C comprising two extended answer questions each worth 25 marks.
About Education Provider
| Region | West Midlands |
| Local Authority | Solihull |
| Ofsted Rating | Good |
| Gender Type | Mixed |
| Address | Widney Manor Road, Solihull, B91 3WR |
The course involves the preparation of financial statements for statutory purposes, and management accounts in support of financial planning and management decisions. There will be both standard classroom and Computer Room lessons. The two papers sat at the end of this two-year linear course, broadly break down the course into these two areas. Both papers however require students to interpret and analyse financial information, in order to form reasoned arguments, reach reasonable conclusions and make recommendations. The course breaks down more specifically into the following topic areas: • 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 • Budgeting • Marginal costing • Standard costing and variance analysis • Absorption and activity based costing • Capital investment appraisal • Accounting for organisations with incomplete records • Partnership accounts • Accounting for limited companies • Interpretation, analysis and communication of accounting information • The impact of ethical considerations
Examination (100%) Coursework (0%) Examining Board – AQA There are 2 examination papers, sat at the end of two years, each contributing 50% towards the qualification, totalling 120 marks and lasting 3 hours. Each paper has 3 sections: Section A comprising 10 multiple choice questions and short answer totalling 30 marks; Section B has two structured questions each totalling 20 marks; Section C comprising two extended answer questions each worth 25 marks.
