KS5 Accounting Handbook

Mr Mugendi Mbungu (HOD)

Miss Radhika Ghelani

Year 12: 6 hours

Year 13: 5 hours

The study of Cambridge International AS and A Level Accounting allows learners to take the step towards a career in accountancy and business. With a good understanding of the subject, students can progress to a degree in a related field, or go on to study for the professional qualifications of one of the major accounting bodies.

Throughout the syllabus Cambridge learners will develop:

• An understanding of how to plan, budget and manage financial resources
• An ability to critically apply, analyse and evaluate accounting policies and practices
• An understanding how to use accounting information to make viable business decisions
• A solid foundation for further study.

Financial Accounting:

Topics under this include:

1. The accounting cycle
2. Accounting for non-current assets
3. Reconciliation and verification of accounts
4. Preparation of financial statements for sole traders, partnerships and limited companies
5. Adjustments to financial statements
6. Analysis and communication of accounting information to stakeholders

Cost and management accounting:

1. Topics under this include:
2. Costing for materials and labour
3. Absorption costing
4. Marginal costing
5. Cost volume profit analysis
6. The application of accounting to business planning

  Financial Accounting:

Topics under this include:

1.  Preparation of financial statements for manufacturing businesses
2. Not for profit organisations
3. More about limited companies
4. International Accounting Standards
5. Auditing and stewardship of limited companies
6. Business purchase and merger
7. Consignment and joint venture accounts
8. Computerised accounting systems
9. Analysis and communication of accounting information

     Cost and Management Accounting:

1.  Activity Based costing (ABC)
2. Standard costing
3. Budgeting and budgetary control
4. Investment appraisal