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Accounting involves producing accounting statements from scratch, from the initial invoice or receipt, all the way to calculation of profit and the value of the business. You will understand what the information means to the business, make judgements and give advice in order to improve their financial performance.
In the first year you will develop the foundations of double-entry bookkeeping, through to the production of final accounts for a sole trader, and then on to looking at and constructing the accounts of Limited Companies by applying relevant accounting concepts. This leads on to analysing these accounts and drawing appropriate conclusions. Once you have developed a confidence with these key concepts, we then develop your knowledge and skills in the second year by looking at larger manufacturing businesses, costing methods, budgeting, and constructing the accounts of partnerships.
Accounting is one of the only courses you can study that has a direct route into employment. Some students have gone on to secure apprenticeships in local accountancy firms, whilst others are recruited by international firms offering a ‘School Leavers’ programme leading to professional qualifications. Of course, you may want to go through the university route and this can provide you with some outstanding opportunities, as several of the global accounting practices (such as KPMG and Ernst & Young) now offer their own degree programme, in association with prestigious universities.
At least two 5s and three 4s at GCSE, including at least a 6 in Maths and English Language.
Business Studies, Economics, Maths and Statistics.
FBI accountants finally brought down Chicago crime boss Al Capone in 1931. He was ultimately arrested and convicted for income tax evasion.