UK · Subject guide
Accounting
A-Level Accounting (AQA 7127), covering financial accounting and management/cost accounting.
01 · Overview
Accounting
A-Level Accounting (AQA 7127), covering financial accounting and management/cost accounting.
- Subject guide
- A-Levels
- Topics mapped
- 18
02 · Complete topic map
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.
- 01
The role of the accountant in business
The purpose of accounting, the distinction between financial and management accounting, and the accountant's role for stakeholders.
- 02
Types of business organisation
Sole traders, partnerships and limited companies: their features, ownership, liability and accounting implications.
- 03
The double entry model
The accounting equation, source documents, books of prime entry, ledger posting, discounts, irrecoverable debts and asset disposals.
- 04
Verification of accounting records
The trial balance, bank reconciliation, control accounts, the suspense account, and errors and their effect.
- 05
Accounting concepts and principles
Accruals, going concern, prudence, consistency and materiality.
- 06
Financial statements of sole traders (with adjustments)
Income statements and statements of financial position with accruals, prepayments, depreciation, doubtful debts and inventory.
- 07
Limited company accounts
Company financial statements: share capital, reserves and published-style statements.
- 08
Ratio analysis and interpretation
Profitability, liquidity and efficiency ratios used to assess performance.
- 09
Budgeting and budgetary control
The purpose and preparation of budgets, including cash budgets, with their benefits, limitations and control role.
- 10
Marginal costing
Cost behaviour, contribution, break-even, the margin of safety and short-term decision making.
- 11
Standard costing and variance analysis
Setting standards and calculating, interpreting and reconciling material, labour and overhead variances.
- 12
Absorption and activity based costing
Allocating, apportioning and absorbing overheads, and absorption costing versus activity based costing.
- 13
Capital investment appraisal
Payback, accounting rate of return and net present value, with evaluation.
- 14
Accounting for incomplete records
Reconstructing statements through net-asset and capital comparison and through control accounts.
- 15
Partnership accounts
Capital and current accounts, profit appropriation, and admission, retirement and dissolution.
- 16
Limited companies (advanced)
Share, rights and bonus issues, debentures, the statement of changes in equity and the statement of cash flows.
- 17
Interpretation, analysis and communication
Interpreting data, advising stakeholders, making reasoned recommendations and recognising the limitations of accounting.
- 18
The impact of ethical considerations
The importance of ethics, professional responsibilities, and the impact of ethical and unethical behaviour.
03 · Where this subject applies
Where this subject applies
These pathways and regions are explicitly connected to the subject in the curriculum.
Pathways and specifications
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.
Nations and regions
All registered regions
04 · Official sources
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.
2
Public references
UK · EuraStudy Guides
Place this subject inside the complete curriculum.
Open the curriculum guide to see every subject and topic, or continue to EuraStudy Summa to begin working with the material.