The Accounting course helps students understand the responsibilities of the accountant and the impacts of their recommendations on the business and wider environment. It equips students with the necessary knowledge and skills to be able to assess the performance of all types of business organizations. You will learn about the main accounting records like ledgers, income statements, and statements of financial position as well as accounting for sole traders, partnerships, and limited companies. Studying Accounting helps develop your knowledge and understanding of key concepts, principles, and techniques that you can apply to real-life scenarios, developing the ability to solve problems logically, analyze data methodically, make reasoned choices, and communicate effectively. Students do have to have good numerical skills but it is equally important that students have good written skills as many of the examination questions test the ability to analyze data but write up a report or essay-style answer. The following is a list of the areas students cover. This qualification is linear which means that students will sit both 3-hour exams at the end of the two-year course so could be asked anything that is included in the syllabus. There is no assessed coursework. • An introduction to the role of the accountant in business • Types of business organization • The double-entry model • Verification of accounting records • Accounting concepts used in the preparation of accounting records • Preparation of financial statements of sole traders • Limited company accounts • Analysis and evaluation of financial information • Budgeting • Marginal costing • Standard costing and variance analysis • Absorption and activity-based costing • Capital investment appraisal • Accounting for organizations with incomplete records • Partnership accounts • Accounting for limited companies • Interpretation, analysis, and communication of accounting information • The impact of ethical considerations Paper 1 Students are assessed on sections 1–8, 14–18 of the subject content. Paper 2 Students are assessed on sections 1–3, 8–13, 17–18 of the subject content.