Course description
The Course
The course is divided into four modules, each of which is divided into lessons to
facilitate the progress of your learning. Within the modules, the lessons have been
organised to provide you with what has been considered the appropriate sequence
to progressively develop your knowledge in accounting. At the end of each module
there is a tutor-marked assessment which, when completed, should be sent to your
tutor.
Each module of the course corresponds to the examination module. The lessons are
of different length and difficulty. Some of them have references to carefully
selected websites to provide you with further practice, summaries and examples of
topics covered in the lesson.
You will learn the fundamentals of record-keeping and the purposes, techniques
and consequences of effective financial accounting.
Accounting helps businesses in the measuring, monitoring and planning of their
operations. People skilled in accounting should be able to tell whether or not the
business is performing well financially, the strengths and weaknesses of the
business and to communicate their results to the owners of the business.
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 laid out as follows:
Module 1 - Introduction to Financial Accounting
Lesson 1: Purposes of Accounting
Lesson 2: Accounting records
Lesson 3: Verification of accounting records
Lesson 4: Final Accounts
Assignment A
Module 2 - Financial and Management Accounting
Lesson 5: Types of business organisation
Lesson 6: Accounting concepts
Lesson 7: Final Accounts. Further aspects
Lesson 8: Analysis of performance
Lesson 9: Introduction to budgeting
Lesson 10: The impact of ICT in accounting
Assignment B
The Examination
The course is examined in two components:
Examination Paper 1 – Unit 1 Introduction to Financial Accounting
This paper is one hour and thirty minutes in length and the marks provide 50% of
the overall marks of the course, AS, and 25% of A Level. There are four compulsory
questions.
Examination Paper 2 – Unit 2 Financial and Management Accounting
This paper is one hour and thirty minutes in length and the marks provide 50% of
the overall marks of the course, AS, and 25% of A Level. There are four compulsory
questions.
The Course
The course is divided into two modules, each of which is divided into lessons to
facilitate the progress of your learning. Within the modules, the lessons have been
organised to provide you with what has been considered the appropriate sequence
to progressively develop your knowledge in accounting. At the end of each module
there is a tutor-marked assessment which, when completed, should be sent to your
tutor.
Each module of the course corresponds to the examination module. The lessons are
of different length and difficulty. Some of them have references to carefully
selected websites to provide you with further practice, summaries and examples of
topics covered in the lesson.
You will learn businesses profitability, performance, costing and budgeting.
Accounting helps businesses in the measuring, monitoring and planning of their
operations. People skilled in accounting should be able to tell whether or not the
business is performing well financially, the strengths and weaknesses of the
business and to communicate their results to the owners of the business.
Accounting is about recording, classifying and summarising data. A certain grade of
judgement and good analysis and accounting techniques are very important.
Note that the numbering of the modules and lessons continues from the AS course.
You will need to study them in sequence.
The course is laid out as follows:
Module 3 - Further Aspects of Financial Accounting
Lesson 11: Stock valuation
Lesson 12: Incomplete records
Lesson 13: Sources of finance
Lesson 14: Accounting standards
Lesson 15: Published accounts
Lesson 16: Partnership accounts
Assignment C
Module 4 - Further Aspects of Management Accounting
Lesson 17: Manufacturing accounts
Lesson 18: Costing
Lesson 19: Capital Investment Appraisal
Lesson 20: Budgeting: further considerations
Lesson 21: Social accounting
Assignment D
Textbooks
This course is self-contained so you will not need to use any extra textbooks.
However, you may find useful to read other books on this subject:
• Business Accounting 1 - Frank Wood & Alan Sangster, FT Prentice Hall.
ISBN 0273655523
• Business Accounting 2 - Frank Wood & Alan Sangster, FT Prentice Hall.
ISBN 0273655574
• Business Accounts - David Cox, Osborne books
You can also contact your tutor if you feel you need more practice in any of the
areas covered in this course.
The Examination
The course is examined in two components:
Examination Paper 3 – Unit 3 Further Aspects of Financial Accounting
This paper is two hours in length and the marks provide 25% of A Level. There are
four compulsory questions.
Examination Paper 4 – Unit 4 Further Aspects of Management Accounting
This paper is two hours in length and the marks provide 25% of A Level. There are
four compulsory questions.
