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Accounting

A LEVEL

Money makes the world go round. That’s why Accounting adds up to being a great A Level.

Accountants tell the story of how a business succeeds through numbers.

Accounting keeps track of finances. On this accounting course you’ll learn how to interpret raw financial data, from transactions to taxes, using a fascinating array of tools and techniques to analyse an organisation’s financial health.

To get the most from this course you’ll be a whizz at maths, and love solving problems.

Every business needs ace accountants and financial experts. And there’s a good amount of job security in this world – because it’s on you to make sure books are balanced and everyone gets paid.

While you’ll be spending a lot of your time reporting on financial activity, accounting also requires creative thinking and problem-solving skills.

Stick with accounting as a career and in a few years’ time you could be:

  • Working in one of the world’s great financial markets or institutions – from New York to Tokyo
  • Leading mergers and acquisitions
  • Evaluating expansion into new markets
  • Launching new products
  • Safeguarding against unprofitable business moves
  • Finding creative ways to reduce waste and unnecessary spending

LESSON TIME!

Miss Reding will explain the statement of financial position – which leans heavily on the accounting equation formula (or the balance sheet equation): Assets = Capital + Liabilities.

In this Accounting crash course we’ll learn how all these items come together on the statement:

  • Non-current assets
  • Current assets
  • Capital
  • Non-current liabilities
  • Current liabilities

The purpose of this statement of financial position is to show all assets are equal to capital plus liabilities – to help investors see what a business is worth.

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What’s next?

Accordion Content

As you’d expect, if you look after money, money will look after you.

Jobs in finance typically offer above-average salaries compared to roles elsewhere demanding similar levels of education.

Rise up the ranks to become a chartered accountant and you’re looking at an average annual salary of £84,500, with yearly bonuses of around £17,300* .

Accounting also gives you the analytical skills perfect for STEM-related roles, including data scientist and engineer.

* figures from prospects.ac.uk – https://www.prospects.ac.uk/job-profiles/chartered-accountant 

It would be highly unlikely you didn’t want to consider a finance-related degree. Many of our alumni become business, maths and marketing undergraduates.

But options beyond this course are vast.

Financial literacy is one of the most in-demand skills across every industry. We’ve even had some Accounting students go on to do drama at uni.

Whatever you fancy, your teacher, Pastoral Manager or our Careers Team is here to talk things through with you.

Component 1:

Financial accounting

Component 2:

Accounting for analysis and decision-making

Component 3:

Recording accurate financial transactions

Component 4:

Preparing financial statements

Component 5:

Monitoring business performance

Entry requirements:

Six good passes at GCSE including two at grade 6 or above

Course specific entry requirements:

Grade 5 from Maths

Course duration:

2 years

Assessment methods:

2 final 3hr exams

Course type:

Linear A-level

Exam board:

AQA

As we learn many new techniques, classroom focus, allied to strong attendance and punctuality, is essential. You will learn through the repetition of questions from texts and past papers. The secret of success lies in the continual practise of these questions.

I had always wanted to study at Xaverian since Year 9 because I loved the vibe and buildings. Being here has fulfilled my expectations and I feel I am now achieving the grades I am capable of. The Teachers encourage you to work hard to ensure you succeed.

Britney Dias, Accounting

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