What Will I Study?
- 1. An introduction to the role of the accountant in business
- 2. Types of business organisation
- 3. The double entry model
- 4. Verification of accounting records
- 5. Accounting concepts used in the preparation of accounting records
- 6. Preparation of financial statements of sole traders
- 7. Limited company accounts
- 8. Analysis and evaluation of financial information
- 9. Budgeting
- 10. Marginal costing
- 11. Standard costing and variance analysis
- 12. Absorption and activity based costing
- 13. Capital investment appraisal
- 14. Accounting for organisations with incomplete records
- 15. Partnership accounts
- 16. Accounting for limited companies
- 17. Interpretation, analysis and communication of accounting information
- 18. The impact of ethical considerations
Students will spend 75% of their time calculating and problem-solving with numbers. 25% of the time will be spent on essay-writing.
Students are assessed by 2 examinations (3 hours each) at the end of the 2nd year. There are formal mock exams in February of the 2nd year.
The course will give you an understanding of double entry techniques, which book-keepers use, and an underpinning knowledge for starting your own business. It will also give you exemption from some modules of the AAT (Association of Accounting Technicians), which is a popular accountancy qualification with employers, also available at Cirencester College.
To become a Chartered and Certified Accountant, you will be required to undertake further qualifications, such as a degree and further professional qualifications. From the 2016 A2 Accounting students 70% went onto higher education to study a L4 course in Accounting/Finance/Business (Source: Destinations Analysis 15/16) and Accounting is studied within most business and economics programmes at University.
Resource packs, approximately £10 per year, which are mandatory. A calculator is also a course necessity.
Students are expected to gain a grade 6 at GCSE Maths. This is in addition to the college’s general entry requirements.
Students should also be aware that, like other mathematical subjects, learning formulae and layouts is an integral part of the course, which demands that students should have an excellent memorising skills.
In the last couple of years we have had employability skills seminars from employers, professional chartered bodies, and universities. Along with accounting alumni discussing their career paths and progression.
Progression and Career Opportunities
The Accountancy Profession contributes £52 billion to UK GDP and 599,000 people were employed in accounting roles during 2016. Every organisation, business, charity needs someone who understands the numbers! The employment sector is large. Starting salaries vary between £18,000 and £30,000.
- Chartered Accountant
- Company Secretary
- Forensic Accountant
- Data Analyst
- Management Banker
Higher Education 44%