Page 5 - SSLSD IAL handbook

5

Accounting

Content overview

In year 12, students will learn the principles of accounting and double entry bookkeeping, control
procedures, financial statements of organisations, introduction to costing, analysis of accounting
statements and social and ethical accounting.

In year13, students will learn financial reporting of limited companies, investment ratios, statement
of cash flows, budgeting, standard costing, project appraisal, break-even analysis marginal costing
and absorption costing and ICT in accounting

Assessment overview

Exam Total marks Duration Course of study
Unit 1: The accounting system and 200 3 hours Year 12
costing
Unit 2: Corporate and Management 200 3 hours Year 13
Accounting

Prior learning and other requirements

IGCSE Accounting (or equivalent) at grades 9 to 5 would be required to follow IAL Accounting.

Progression

Students can progress from this qualification to:

 Higher-education courses such as an accounting degree or a degree in finance, banking,
strategic management, business, etc.
 A wide range of careers ranging from finance, banking, insurance, accountancy,
management and consultancy to becoming professional economists.
 Professional qualifications such as CIMA, ACCA and CFA.