EuraStudy
UKSubject guide
A-Level Accounting (AQA 7127), covering financial accounting and management/cost accounting.
Overview
A-Level Accounting (AQA 7127), covering financial accounting and management/cost accounting.
Complete topic map
Every topic recorded for this subject in the curriculum is reproduced below in its full hierarchy. The descriptions reflect the mapped scope without implying additional exam rules.
The purpose of accounting, the distinction between financial and management accounting, and the accountant's role for stakeholders.
Sole traders, partnerships and limited companies: their features, ownership, liability and accounting implications.
The accounting equation, source documents, books of prime entry, ledger posting, discounts, irrecoverable debts and asset disposals.
The trial balance, bank reconciliation, control accounts, the suspense account, and errors and their effect.
Accruals, going concern, prudence, consistency and materiality.
Income statements and statements of financial position with accruals, prepayments, depreciation, doubtful debts and inventory.
Company financial statements: share capital, reserves and published-style statements.
Profitability, liquidity and efficiency ratios used to assess performance.
The purpose and preparation of budgets, including cash budgets, with their benefits, limitations and control role.
Cost behaviour, contribution, break-even, the margin of safety and short-term decision making.
Setting standards and calculating, interpreting and reconciling material, labour and overhead variances.
Allocating, apportioning and absorbing overheads, and absorption costing versus activity based costing.
Payback, accounting rate of return and net present value, with evaluation.
Reconstructing statements through net-asset and capital comparison and through control accounts.
Capital and current accounts, profit appropriation, and admission, retirement and dissolution.
Share, rights and bonus issues, debentures, the statement of changes in equity and the statement of cash flows.
Interpreting data, advising stakeholders, making reasoned recommendations and recognising the limitations of accounting.
The importance of ethics, professional responsibilities, and the impact of ethical and unethical behaviour.
Where this subject applies
These pathways and regions are explicitly connected to the subject in the curriculum.
AS-Level
Advanced Subsidiary — the first year of A-Level study (standalone or first half of the full A-Level).
A-Level (A2)
The full Advanced Level — AS content plus the second-year A2 content.
Official sources
The public sources below are referenced directly by this subject or by one of its topics.
This editorial selection points to the relevant official bodies. Always confirm current requirements, dates and amendments with your school or college and the appropriate awarding organisation.
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Public references
UK · EuraStudy Guides
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