Subject Intent: Why Accounting?
Accounting offers the opportunity for students to be able to apply their analytical and problem solving skills to quantitative and qualitative data. Students are able to develop their numeracy skills in great detail and the course enables students to apply formula and functions to real world business performance. Whilst studying Accounting, students also have the opportunity to partake in numerous extra-curricular activities including the ICAEW Base Accounting competition and student investor. Accounting overall helps students to be critical thinkers, often questioning and interpreting data from multiple angles whilst also developing strong communication skills to help others make informed decisions. The skills acquired throughout the course are transferable and prepare students for Higher Education or employment in a wide range of industries.
What will I study?
The course covers the basic principles of accounting right through to advanced considerations such as ethics in accounting.
Topics include:
- The role of the accountant.
- The key elements of the foundation of accounting and double entry book-keeping.
- The preparation, analysis and evaluation of financial statements, including how to use. ratio analysis to compare the performance of businesses and wider considerations.
- Accounting for sole traders and partnerships.
Accounting
Please note: Subject videos have been filmed from colleges across our Trust.
What are lessons like in this subject?
Studying Accounting will allow you to develop your financial acumen that can support a wide number of careers, from working with local government where you will have to manage budgets, to working in technology where you will have to appraise the value of projects and infrastructure, to working in banking, finance, insurance and becoming a professional accountant. With accounting skills, you could end up working in just about any area you choose. Did you know that 46% of the most successful companies in the world are run and managed by accountants? You will develop the knowledge and skills that will help you to assess the performance of all types of business organisations, and analyse and evaluate financial data so that you can make judgements, decisions and recommendations about how a business manages their financial affairs.
What our
students
I enjoy studying Accounting due the Mathematics involved and its problem-solving aspect. Initially it’s quite hard when introduced to all the financial statements but as you go on and use them frequently you find it easier than expected to remember it all.
Brody Scholes, The Hayfield School
