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.
- 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.
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 a range of numerical skills that you are able to apply to real world situations, proving a vital skill for businesses when making decisions. You will cover a range of accounting techniques that can be applied to small businesses such as sole traders, all the way up to large conglomerates. You will also be given further opportunities to apply Accounting to the real world with competitions such as BASE Accounting that will enable you to apply the skills covered in lessons to the wider world of business.
Personally I enjoy studying Accounting due the maths involved and its problem solving aspect. Initially it's quite hard when introudced to all the finical statements but as you go on and use them frequenlty you find it easier then expected to remember it all. Going into it I thought it was largely maths based (which it is ) but actually there is also a decent proportion of writing which I didn't expect however it's not too bad so I wouldn't let it put you off if you are going into it solely for the maths. Overall if you do little bits and often, like for most subjects, you will pick up the content quickly and find doing questions on the content quite enjoyable.
Brody Scholes, New College Doncaster