Accounting and Finance
The Curriculum Purpose
To have uncompromising aspirations for every individual and for our school to be an exceptional and inspirational community of lifelong learners.
To create accountants who are equipped with transferable skills such as communication, critical thinking, decision making and problem solving using a methodical and organised approach.
Accounting at The Compton School aims to:
- Inspire students to understand the importance of enterprise and the nature of the business world.
- Students to apply their knowledge of accounting theory and practice to develop their commercial acumen and financial awareness.
- Motivate and challenges students and to help them make informed decisions about further educational opportunities and career pathways.
- Enable students to become problem solvers by breaking challenges down into manageable steps.
Key Concepts that underpin the subject area
A-level Accounting must aim for students to:
- Understand the role and develop the skills of the accountant in developing and evaluating accounting information systems and in preparing financial and management accounting information
- Apply the principles and techniques of accounting in the preparation of financial and management accounting information including using the double entry model to: record transactions; prepare financial statements for different types of organisations; and prepare management accounting information to enable management to plan, control and make decisions
- Analyse and evaluate a range of financial and management information and communicate the outcomes numerically and verbally
- Evaluate the impact of ethical considerations on the accountant and the duty to be truthful and accurately represent the facts when preparing and presenting accounting information, undertaking financial decision making and addressing the concerns of stakeholders
- Develop the ability to solve problems logically, analyse data methodically, make reasoned and justified decisions and use different reporting methods to communicate these to stakeholders
Key Features of Learning
A Level Accounting helps students to understand the responsibilities of the accountant and the impacts of their recommendations on the business and the wider environment.
Students will build knowledge and understanding of key concepts, principles and techniques that they can apply to real-life scenarios, developing the ability to solve problems logically, analyse data methodically, make reasoned choices and communicate effectively.
What will you see in Accounting Lessons?
Clear objectives
Clear modelling (I do, we do, you do)
Environment where mistakes are welcomes as an opportunity to learn
Responsive teaching to assess for learning
Double entry bookkeeping
Subject experts.
Challenge
Focus on addressing misconceptions
Worked examples
What will you see in Accounting folders?
Exemplar answers
Clear understanding of learning objective
Keywords and definitions
Self assessment in green pen
Homework
What formative assessment will you see in Accounting?
Verbal feedback
Cold calling
Self-assessment
Consolidation of classwork
Quizzes and test in class
What extra-curricular is available in Accounting?
ICAEW BASE competition