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Business & Management

Accounting A Level

This course helps you to understand the responsibilities of the Accountant and the impacts of their recommendations on the business and the wider environment.

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Level 3 / AQA A Level / ODL94

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over 12 months and £ deposit

over 12 months and £ deposit

 

Course summary

tutor

Course support

24 months expert tutor support

tutor

24 hour access

Unlimited Submissions

qualification

Accreditation

Fully accredited course

award

Awarding body

AQA

Course introduction

Accounting is about recording, classifying and summarising data. A certain grade of judgement and good analysis and accounting techniques are very important.

The course is divided into eighteen units, which are of different length and difficulty. At the end of each unit there is a Tutor-Marked Assessment which, when completed, should be sent to your tutor.

Our Accounting A Level can essentially provide you with the perfect stepping stone to progressively furthering your training – while still in employment – whilst also preparing you for the depth and breadth of study expected at university.

During our course you will acquire

  • An understanding of the importance of effective accounting information systems (and their limitations)
  • An understanding of the purposes, principles, concepts and techniques involved in accounting
  • Transferable skills – within an accounting context - including numeracy, communication, ICT, application, presentation, interpretation, analysis and evaluation
  • An appreciation of the effects of economic, legal, ethical, social, environmental and technological influences on accounting decisions
  • A capacity for methodical and critical thought

This course allows learners to earn UCAS points depending on the grade gained:

  • A* – 56
  • A – 48
  • B – 40
  • C – 32
  • D – 24
  • E – 16

Next Examination Period: May/June 2021

AQA Specification Code: 7127

Required knowledge

Basic English reading and writing skills are required, as full tutor support is given.

Assessment

All examinations are held during the May / June exam period of every year.

A Level Accounting Paper 1

Sections 1–8, 14–18 of the subject content

  • Written exam: 3 hours
  • 120 marks
  • 50% of A-level
  • Questions
  • Three Compulsory Sections:
  • Section A has 10 multiple choice questions and several short answer questions. The section is worth 30 marks.
  • Section B has two structured questions each worth 20 marks. The section is worth 40 marks.
  • Section C has two extended answer questions each worth 25 marks. The section is worth 50 marks.

A Level Accounting Paper 2

Sections 1–3, 8–13, 17–18 of the subject content

  • Written exam: 3 hours
  • 120 marks
  • 50% of A-level
  • Questions

A-level exams and certification for this specification are available for the first time in May/June 2019 and then every May/June for the life of the specification.

Three Compulsory Sections:

  • Section A has 10 multiple choice questions and several short answer questions. The section is worth 30 marks.
  • Section B has two structured questions each worth 20 marks. The section is worth 40 marks.
  • Section C has two extended answer questions each worth 25 marks. The section is worth 50 marks.
  • Before the qualification can be awarded, students must undertake both the assessments.

Please note: Students are fully responsible for the arrangement and funding of any examinations required.

Next Examination Period:
May/June 2021

 

Awarding organisation

Awarding Organisation

AQA (The Assessment and Qualifications Alliance) has a leading reputation for promoting education for the public benefit and draws on long experience of setting and marking public exams such as GCSEs, A-levels and other qualifications. AQA is the largest of the three English exam boards, awarding 49% of full course GCSEs and 42% of A-levels nationally. In total, students take over 3.5 million exams with them each year.

Course units

Section 1: An Introduction to the Role of the Accountant in Business

- The responsibilities of the Accountant within Business.
- The difference between financial accounting and management accounting and the purpose of each.
- The role of the Accountant in developing and overseeing accounting information systems to provide reliable and relevant information for both financial and management purposes.

Section 2: Types of Business Organisation
- Types of business organisations including different business ownership models.
- The associated benefits and risks and the impact on business reporting.
- Sources of finance for different forms of business organisation and the risks related to those.

Section 3: The Double Entry Model
- The double entry system including the recording of transactions from source documents in books of prime entry and ledger accounts; transferring accounts to income statements, balancing accounts and the preparation of statements of financial position.
- The recording of adjustments in ledger accounts and financial statements.
- Prepare and understand accounting records based on source documents and use the main books of prime entry and ledger accounts.
- Apply the double entry model in the preparation of financial statements for a range of business organisations.
- Prepare income statements (trading and profit and loss accounts) and statements of financial position (balance sheets) working from trial balances and additional information.
- Prepare statements of financial position (balance sheets) with subheadings.
- Make entries for simple adjustments for expense prepayments and accruals in ledger accounts and in income statements and statements of financial position.
- Make entries for irrecoverable debts in the sales ledger and financial statements.
- Make entries for depreciation in the income statement and statement of financial position.

Section 4: Verification of Accounting Records
- Verification of the double entry records.
- How to correct errors in double entry records.
- The effect of errors on profit calculations and statements of financial position.
- The benefits and limitations of verification techniques.

Section 5: Accounting Concepts used in the Preparation of Accounting Records
- General accounting concepts.
- The use of accounting concepts in a variety of situations.

Section 6: Preparation of Financial Statements of Sole Traders
-The use of concepts in the preparation of financial statements.
- How to prepare financial statements of sole traders from ledger accounts including adjustments from the application of accounting concepts.
- How to prepare income statements and statements of financial position from a trial balance including adjustments from the application of accounting concepts.

Section 7: Limited Company Accounts
-How to prepare the internal financial statements of limited liability companies.

Section 8: Analysis and Evaluation of Financial Information
- Calculation and interpretation of financial measures and ratios.
- Appraising business performance by using financial statements and ratios.
- The difference between cash and profits and the effect of transactions on profitability and liquidity.
- The limitations of financial statements and ratio analysis when assessing business performance.

Section 9: Budgeting
- The need for budgeting in business organisations.
- The benefits and limitations of budgeting and budgetary control.
- The use of accounting techniques in the preparation and analysis of budgets.
- How budgets are used in planning and control and the calculation and interpretation of variances.

Section 10: Marginal Costing
- Categorisation of costs by behaviour and understanding of terms.
- Calculation and interpretation of break-even point, interpreting break-even charts and the uses and limitations of break-even analysis methods.
- The use of marginal costing in decision making situations.

Section 11: Standard Costing and Variance Analysis
- The purpose, advantages and disadvantages of a standard costing system.
- Calculation and interpretation of variances.
- The interrelationship between variances.
- How to prepare statements and the use of accounting techniques to reconcile budgeted and actual figures.

Section 12: Absorption and Activity Based Costing
- The use of absorption costing to calculate the total cost of a product.
- The use of activity based costing (ABC) to calculate the total cost of a product.
- Use of absorption and ABC to calculate the selling price of a product.
- The benefits and limitations of absorption, ABC and marginal costing.

Section 13: Capital Investment Appraisal
- The calculation and use of cash flows in capital investment appraisal.
- Payback and net present value (discounted cash flow) of a capital project.
- The benefits and limitations of the payback and net present value methods of capital investment appraisal.
- The use of capital appraisal measures in the evaluation of projects.

Section 14: Accounting for Organisations with Incomplete Records
- The calculation of profit of an organisation where there are insufficient records to prepare income statements.
- How accounting techniques are applied in the preparation and analysis of financial statements for a business with incomplete records.
- The benefits and limitations of maintaining accounting records using different systems including single and double entry records.

Section 15: Partnership Accounts
- Prepare and comment on the financial statements of partnerships.
- Prepare capital and current accounts of partners.
- Account for changes in partnership.

Section 16: Accounting for Limited Companies
- The use of accounting techniques and principles when drafting financial statements for limited companies (based on IAS1).
- Accounting for the revaluation of non-current assets.
- The difference between the issue of shares, a rights issue and a bonus issue, and recording the effect of such transactions in financial statements.
- The requirement to publish accounts and how these are used by a variety of stakeholders.
- The purpose and importance of the international accounting standards framework.

Section 17: Interpretation, Analysis and Communication of Accounting Information
- How accounting techniques, measures and ratios are used to analyse and interpret accounting information (both financial and management) and the limitations of using financial statement and ratio analysis when assessing business performance.
- How performance is evaluated both internally and across accounting periods and externally in comparison to competitors.
- The difference between cash and profits and the effect of transactions on profitability and liquidity.
- The interests of stakeholders and importance of effective communication to both internal and external stakeholders.
- The impact, advantages and disadvantages of systems of recording data.
- The critical assessment of recommendations and their impact on stakeholders, the local and national economy and the environment.

Section 18: The Impact of Ethical Considerations
-The fundamental principles of ethical behaviour.
- How the principles of ethical behaviour impact the behaviour of accounting professionals and organisations.
- The legal and regulatory frameworks which relate to the accounting sector, the importance of working within regulatory guidelines and the consequences of failing to do so.
- The role of professional bodies in establishing and enforcing codes of conduct.
- How to act ethically when working with clients, suppliers, colleagues and stakeholders and the importance of adhering to organisational and professional value, codes of practice and regulations.
- Appropriate courses of action to take if there is a suspicion that an unethical or illegal act has been, or may be, committed by an employer, colleague or client.

Learner support

  • Your course is delivered online
  • After enrolling, you will receive a username and password to access the On Campus area
  • The course materials and support will be provided by Oxford Learning College
  • You will receive feedback on your assignments from an experienced tutor
  • Our A Levels come with tutor support for 12 months.

 

FAQs

What is distance learning?

Distance learning is the most flexible and convenient approach to studying. There is no need for you to attend college and, therefore, you can study anytime, any place, anywhere that fits in with your lifestyle. Distance learning programmes are ideal for people who may have a full-time job, or other commitments, that won’t allow them time off to study.

What do I need to do to get started on a course?

You need to be able to commit your time to the course. To help you understand the commitment needed, each of the course descriptions estimates the amount of time it will take you to complete the course. This is based on an average study period of approximately 10 hours per week.

It is best to choose a course you think will interest you, and help you to achieve your ambitions. If you would like some advice, or further information, please call our helpline free on 0333 3445 690.

To purchase a course, simply click on the ‘Buy Now’ option against your chosen course and follow the on screen instructions. Alternatively if you would prefer to purchase the course over the phone or by post, call our helpline free on 0333 3445 690.

How does the distance learning/home study method work?

The course operates through a study pack and access to your own personal tutor. Once you have chosen your course we will send you your study pack, which you will be required to work through before completing the course.

Depending on the course you have chosen, you will either be required to complete assignments and submit these for marking as the course progresses and/or be required to sit an end exam. The end exam could be in the form of multiple choice questions, or be an invigilated exam at a registered test centre.

Your completed assignments will need to be sent to your tutor for marking/assessment, you will then receive written feedback and guidance. It may be possible to submit your assignments by email, however you will need to check this with your tutor. Please be aware that your assignments will be maintained by NCCHL for moderation and audit purposes.

These requirements will always be listed on the course description page, so please refer to this for details of what is required for each individual course.

How long should it take to complete a course?

Depending on the course you have chosen, and the amount of time you can commit, it could take from six weeks to nine months to complete your course.

The duration of the course is largely down to you though. The beauty of home learning is that it allows you complete flexibility to fit your studies around your lifestyle and other commitments. You can dedicate as much, or as little, time as you want to your studies - no one will be chasing you for your work or asking why you haven’t submitted an assignment.

We do strongly recommend, though, that before you purchase a course you assess your ability to commit the necessary time to completing the course in a timeframe that will not leave you losing your motivation.

How quickly will I receive my course material?

We guarantee that you will receive your course materials within 5 days of purchase, but for many courses we would anticipate that you will have to wait no more than 48 hours.

The course materials are always sent to you via a tracked courier service, to ensure that you receive your study pack within our stated period.

How much will it cost?

The cost is largely dependent on the size of the course. The longer the course is the higher the cost will be, due to the size of the study pack and the nature of the qualification.

All prices are clearly stated on the course description page and will always be displayed prior to you committing to purchase a course.

Please note that postage and packaging is charged in addition to the course price.

What support will I receive?

You will be allocated your own personal tutor who can be contacted via e-mail, telephone, fax or post for help and advice on any aspect of the course.

Many courses require that you submit work to your tutor during the period of study and your tutor will assess your work and pass comments back to you. Your tutor is available to you as much as you need them.

Please be aware that officially the tutor support provided with the course is for a period of 12 months, although if you need longer let us know and we’ll endeavour to extend that.

Will I have to sit an examination?

All of our courses are accredited, so you need to show that you have acquired the knowledge to pass the course – this may involve sitting an examination, but it depends on the course you have chosen.

Some courses require you to be continually assessed throughout the course, while others may require an end of course exam or assignment (which may be completed at home) to be submitted to your tutor.

Certain types of qualifications, A-levels and GCSEs for example, do require you to sit an invigilated exam at a registered test centre. You will need to organise the examination yourself, however full details of what you need to do will be included in your study pack.

The details of what sort of exam/assignment (if any) is required for a course will be stated on the course description page, so please check these for full details.

Can I study from outside the UK?

Yes, there are no geographical limits to where you can study.

You just need to be aware that all tutors are based in the UK and work may need to be submitted to them via post, although in most cases e-mail can be used.

Where the course requires that you sit an invigilated exam at a test centre, there are many exam centres outside of the UK. However, we would advise that you check with us before purchasing one of these courses if you want to study from abroad.

Will I receive a qualification when I complete the course?

All of our courses are accredited and you will receive a certificate upon successful completion of the course.

For more information about this please see the section of the website that details how awarding bodies work and what the different types of qualifications are.

Can I take more than one course at a time?

Yes, you can take as many courses as your time allows. But we would recommend that you clearly evaluate how much time you can commit to your courses of study.

The good news is though that if your circumstances change you can always take a break and come back to your studies.

Additionally, discounts are available if you buy more than one course at the same time.

How long will it take for my work to be marked by my tutor?

Your work will be marked and feedback returned to you within 12 working days after submission. This is because our tutors are required to provide detailed, considered feedback to our learners that may take a while to formulate. We find that by working this way, our learners actually complete their course in less time, as they rarely need to submit an assignment more than twice.

Whilst it is possible to submit multiple assignments at the same time, we advise that our learners submit only one at a time. We want our learners to develop as they progress through their course, and find this is best achieved when a student embarks on a new module having taken into account tutor feedback from the previous submission.

Do I need any additional books or equipment to do my course?

No, we provide everything you need to pass your course.

How do I enrol?

Once you have chosen your course, you can either purchase the course online which will enrol you, or you can call our helpline on 0333 3445 690 who will sign you up for the course and arrange to have all your learning materials sent to you.

What if I’ve chosen the wrong course?

If, after receiving the course, you decide it isn’t the right course for you, you can simply return the goods within 14 days and we will send your money back in full for the majority of courses (excluding postage and packaging) or you can choose another course that you feel would suit your needs and ambitions better.

What is the difference between the online and paper versions of courses?

Our online courses are completed through our online learning system after receiving login and access instructions. You will not receive any course materials through the post. The paper based version is posted out in a binder to your home or place of work and requires completion of a portfolio of work that is submitted to your tutor for marking.

Where can I find your Equality and Diversity Policy?

All NCC policies and procedures can be provided on request from NCC directly by emailing enquiries@ncchomelearning.co.uk or calling 0333 3445 690.

Can reasonable adjustments be made to help reduce the effects of a disability or difficulty that may place me at a disadvantage?

A reasonable adjustment is any action that helps to reduce the effect of a disability or difficulty that places the candidate at a substantial disadvantage in the assessment situation. Reasonable adjustments must not affect the integrity of what needs to be assessed, but may involve:

Changing standard assessment arrangements, for example allowing candidates extra time to complete the assessment activity Adapting assessment materials, such as providing materials in Braille Providing access facilitators during assessment, such as a sign language interpreter or a reader Re-organising the assessment room, such as removing visual stimuli for an autistic candidate.

Reasonable adjustments are approved or set in place before the assessment activity takes place; they constitute an arrangement to give the candidate access to the assessment activity. The use of a reasonable adjustment will not be taken into consideration during the assessment of a candidate’s work.

Awarding organisations and centres are only required by law to do what is ‘reasonable’ in terms of giving access. What is reasonable will depend on the individual circumstances, cost implications and the practicality and effectiveness of the adjustment. Other factors, such as the need to maintain competence standards and health and safety, will also be taken into consideration.

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