Accounting
Accounting can be interesting, varied and very rewarding both financially and in terms of job satisfaction. Accountants often become part of the top management of any enterprise, large or small.
WHAT WILL I BE STUDYING ON THE COURSE?
You will use financial data such as wages, sales, and purchases in order to find out:
WHAT WILL I BE STUDYING ON THE COURSE?
You will use financial data such as wages, sales, and purchases in order to find out:
· if a business is making a profit or a loss (trading and profit and loss accounts)
· the number of sales that need to be made in order to survive (the break even position)
· how much it costs to make a product – in order to set a realistic price and control the business
· the overall value of a business (the balance sheet)
· the results of business decisions
WHAT WILL I BE DOING IN LESSONS?
You will learn the double entry bookkeeping system used throughout the world and used by accountants to write entries into accounting records. You will be learning and using accounting techniques and procedures to construct financial records. Most of the time you will be doing exercises involving ordering and manipulating data but there is an element of writing relating to accounting theory. In Accounting, you will mostly work individually as there is little scope for group exercises.
HOW WILL THE COURSE BE ASSESSED?
All four units are assessed by external examination - there are no coursework units.
The AS units are:
You will learn the double entry bookkeeping system used throughout the world and used by accountants to write entries into accounting records. You will be learning and using accounting techniques and procedures to construct financial records. Most of the time you will be doing exercises involving ordering and manipulating data but there is an element of writing relating to accounting theory. In Accounting, you will mostly work individually as there is little scope for group exercises.
HOW WILL THE COURSE BE ASSESSED?
All four units are assessed by external examination - there are no coursework units.
The AS units are:
· Accounting Principles
· Accounting Applications
The A2 units are:
· Management Accounting
· Company Accounts and Interpretation
WHAT QUALIFICATIONS DO I NEED TO TAKE THE COURSE?
You should have at least a grade C in GCSE Mathematics and English Language, as there is significant numerical work and 25% of the examination requires written answers.
You should have at least a grade C in GCSE Mathematics and English Language, as there is significant numerical work and 25% of the examination requires written answers.
It is possible and indeed useful to combine the study of Accounting with almost any other subject, since most people will be called upon to make project proposals and use financial information, whatever their future job may be. In recent years students have often combined it with Business Studies, Mathematics and Economics but there are no formal restrictions on choice.
AND AFTER THE COURSE?
Although most students go on to university, a number join Accounting firms in order to study for professional Accounting qualifications. These usually take about three years but students receive a salary and have all their tuition fees paid. Qualified accountants command high salaries and work in a wide range of businesses.
View the Accounting page on to OCR Website.
