Accounting

What is Accounting?

Accounting is the recording, reporting, presentation, and interpretation of financial information which takes place for businesses of all sizes. Chartered accountants operate at the highest levels of business management.

What will I study?

A detailed introduction to the subject, studying the role of the accountant and the underlying principles and concepts of accounting. You will learn about financial records, double entry

bookkeeping, the presentation of financial information and the analysis of financial statements and business performance. Assessment is focused on processing numerical and written data, presenting information in a prescribed format and interpreting information in written form, including essay writing.

Assessments

2, 3-hour exams. These are 120 marks each with equal weighting.

Paper 1 – Financial Accounting

Paper 2 – Management Accounting

Each paper consists of the following structure:

Section A: 30 Marks – 10 MCQ’s and 20 marks worth of short calculation/definition/explain questions.

Section B: 40 Marks – 2, 20 mark structured questions.

Section C: 50 Marks – 2, 25 mark extended writing critical analysis and evaluation questions.

Trips, visits and enrichments:

• Certificate in financial studies (level 3 qualification in personal finance)
• Speakers from professional accounting bodies and accounting firms

What can it lead to?

Many students go on to study accountancy at university or enter the profession through apprenticeships with major accountancy firms.