Accounting
Accounting is all about how businesses keep, present and interpret financial information in order to calculate whether they are profitable and how much the business is worth. You will need to compile the profit and loss accounts and balance sheets of small sole trader firms.
At Bilborough College Accounting is taught by an experienced teacher who has also taught related business subjects and also has experience of working as an examiner.
About the course
The examination body is OCR. Over the year you will study two modules, Accounting Principles and Financial Accounting. Both modules are tested by a one and half hour examination. Each paper will contain 3 compulsory questions.
The Examination
The first module, Accounting Principles, can be taken in January. This module can be re-sat in June if required. The Financial Accounting module will also be sat in June.
The Modules
Accounting Principles
This deals with the accurate recording of financial information in the business books and then extracting the information to draw up the profit and loss account and the balance sheet of the business, as well as dealing with adjustments to the accounts.
Financial accounting
This builds on the previous module and you will be required to correct errors, draw up accounts from incomplete records and deal with control accounts and stock. This module also looks at the final accounts of different types of organisations such as small clubs and societies and partnerships.
Progression
Following the successful completion of your A/S level you can go on to take A2 Accounting.