Accounting

Course Overview

Whether you are looking at a personal or professional point of view, achieving a qualification in Accounting will always be helpful for your future. By studying this course it will give students an understanding of the responsibilities of the accountant, including financial decision-making and the impacts of their recommendations on the business and the wider environment.

Students will build knowledge and understanding of key concepts, principles and techniques that they can apply to real-life scenarios, developing the ability to solve problems logically, analyse data methodically, make reasoned choices and communicate effectively.

Modules

Year One

In the first year you will cover the foundations of both financial and management/cost accounting

• Role of the accountant in business
• Business organisation types
• Double entry model and accounting records
• Verification of accounting records
• Accounting concepts
• Preparation of financial statements of sole traders 
• Budgeting
• Marginal costing

Year Two

Throughout the second year you will cover more advanced techniques, building on prior knowledge and understanding of both financial and management/cost accounting. 

• Standard costing and variance analysis
• Absorption and activity-based costing
• Capital investment appraisal
• Incomplete records
• Partnership accounts
• Limited company accounts
• Interpretation, analysis and communication of accounting information
• Impact of ethical considerations

Entry requirements

• Five GCSEs at grade 4 or above
• Grade 5 or above in GCSE English Language and Maths

Why should I choose USP College?

• All tutors are accountancy qualified
• Universal qualification

This course is fully exam-based. You will study two, three hour, exams each worth 50% of your grade. Both exams will contain multiple choice, short answer, structure and extended answer questions. 

Additional costs

• Textbooks at a cost of approximately £27 per year; this will allow you to customise your books as required and will give you a reference source that can be used in your future career.
• Non-programmable calculator and appropriate stationery, including ring binders and lined paper for note-taking.

What could I do next?

After completing this qualification many students will choose to progress on to study Accounting or Finance related degree courses in Higher Education. Other students will gain employment or apprenticeships in accountancy, in both in the local area and with international firms based in London

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