AS Accounting
This subject may be offered at more than one Southern Consortium school site. The teaching of this subject may be at any one of the sites listed below.
The information on this webpage is a guide only. Topics, units and course content may vary from those listed below.
AS Accounting @ SRS
Accounting AS/A2
The course consists of 3 units. The first three units are taken in Year 12 and make up the AS level.
Summary of Subject
Content Unit 1 – The Accounting Information System
- Accounting records
- Recording VAT
- Verification of accounting records
- Trading and profit loss accounts, balance sheets
Unit 2 – Determination of Income
- Accounting principles, concepts and conventions
- Capital and revenue income and expenditure, depreciation, disposal of fixed assets
- Stock valuation
- Final accounts and balance sheets of manufacturing organizations and limited companies
- Limited liability, capital structure of limited companies
Unit 3 – Introduction to Management Accounting and Decision-Making
- Ratio analysis
- Types of costs, marginal costing, contribution
- Break-even analysis
- Budgeting
- Social accounting
Each of the AS units are assessed by way of a 1 hour examination. Each of the A2 units are assessed by way of a 1 ¼ hour examination. There is no coursework!