|Examination Board||Cambridge International Examinations|
|Entry Requirements||IGCSE Grades B in Mathematics, IGCSE Grade B in Business Studies (Desirable but not essential)|
The study of Cambridge International AS and A Level Accounting allows learners to take the first step towards a career in accountancy and business. With a good understanding of the subject, students can progress to a degree in a related field, or go on to study for the professional qualifications of one of the major accounting bodies.
Accounting at AS and A2 will broadly fall into the following strands:
- an understanding of how to plan, budget and manage financial resources
- an ability to critically apply, analyse and evaluate accounting policies and practices
- an understanding how to use accounting information to make viable business decisions
The following key concepts are included within these strands, thus making up the syllabus content:
- A true and fair view – Financial statements are designed to give a true and fair view of the business to internal and external stakeholders.
- Duality (double-entry) -Duality in accounting recognises that every financial transaction has a double (or dual) effect on the position of a business as recorded in the accounts.
- Consistency – Consistency in the treatment of financial transactions enables the performance of a business to be compared meaningfully over different time periods.
- Business entity – A business is a separate legal entity from the owner of a business. The accounting records must relate only to the business and not to the personal assets and spending of the owner.
- Money measurement – Financial accounts only include transactions that can be expressed in terms of money. For example, the purchase of raw material is recorded in the accounts whereas staff creativity is not.
- Paper 1. Length: 1 hour. 30 multi-choice questions totalling 30 marks. 30% total weighting for AS or 15% for A2.
- Paper 2. Length: 3 hour 30 mins. 4 structured questions totalling 90 marks. 70% total weighting for AS or 35% for A2.
- Paper 3. Length: 1 hour. 6 structured questions totalling 150 marks. 50% total weighting for A2
The full A Level combines the Paper 1, Paper 2 & Paper 3.
Careers and Progression
Cambridge International A Level Accounting provides a suitable foundation for the study of Accounting or related courses in higher education. Equally it is suitable for candidates intending to pursue careers or further study in Accounting, or as part of a course of general education