The Accounting course equips you with the necessary knowledge and skills to be able to assess the performance of all types of business organisations. You will learn about key accounting records like ledgers, balance sheets and income statements as well as accounting for sole traders, partnerships and limited companies.
Studying Accounting helps develop your ability to acquire a range of important and transferable skills such as data analysis skills; presenting arguments and making judgements and justified recommendations,; recognising the nature of problems, solving problems and making decisions; planning work, taking into account the demands of the task and the time available to complete it.
To study this course you need to be self motivated and willing to practice the accounting skills developed during the course both inside and outside the classroom. Having an appreciation of numbers is important although you do not need to be a skilled mathematician (A number of students take this course because they like Maths). Overall, we are looking for students who have a good standard of written English, enjoy working with numbers, willing to complete regular homework and have an interest in the subject.
4 units – 2 for AS level and 2 for A2 level.
- Introduction for Financial Accounting
This unit is the foundation for the course and covers double-entry procedures as applied to the accounting systems of sole traders
- Financial and Management Accounting
This unit introduces students to some of the ways in which financial accounting can provide valuable information for measuring and monitoring business performance and planning future business operations
- Further Aspects of Financial Accounting
This unit develops students understanding of financial accounting by studying partnership and public limited accounts and develops techniques which can be applied where a business does not maintain a complete accounting system.
- Further Aspects of Management Accounting
This unit looks into the ways accounting techniques can be used to aid the management of a business and contribute to effective decision making.
Career opportunities and further study
Students who wish to pursue a career as an Accountant are in the fortunate position because at 18 they have choices. Students could either opt to go to University to study Accounting and then gain a position as a trainee accountant or alternatively they could gain an apprenticeship and start the professional examinations straight away becoming a fully qualified accountant without having the debt of a University degree.
No other career offers the mobility that a Chartered Accountancy qualification does. They can take on the role of a business advisor, who makes high-level strategic decisions, aimed at driving business, improving profit margins and increasing market share for their clients / employers. Many Chartered Accountants also use their expertise to form their own businesses.
As well as dominating public accounting practices, Chartered Accountants are found at the highest level in virtually every sector from healthcare to engineering to the music industry. The rewards that go with the Chartered qualification are also significant. Each year our students gain places at some of the top Universities for Accounting including Lancaster (EY) and Newcastle (PWC) or apprenticeships with PWC and KPMG.
Please note students wishing to study Accounting at the top Universities usually require GCSE grade B in Maths and English Language.
Famous people who have studied Accounting include Padraig Harrington (Golf), Mick Jagger ( Rolling Stones), Janet Jackson, Eddie Izzard (comedian), Robert Plant (Led Zeppelin) and David Gill (Manchester United Chief Executive).
Trips and events
Accounting has many close ties to firms and Universities. Every year we have speakers from KPMG, Ernst Young and a local accountancy firm Clarke Nicklin. As a department we are keen to improve students employability skills so enter the Chartered Institute of Accountants BASE competition - winning the local heats twice in the last four years. We also encourage students to gain work experience in an accounting firm - this year three students were successful in gaining places at KPMG in Manchester.
- BASE Competition Manchester
- University of Manchester - Stock Exchange Investment Challenge
- KPMG Interview Skills Workshop
- Guest speakers - Ernst Young (EY), KPMG, Clarke Nicklin
- Lancaster University Visit
Students taking part in the Manchester University Investment Challenge