Business Education

Article Index

Accounts

National 5

The course comprises two areas of study:

Financial accounting

  • Sole trader
  • Role of financial accountant 
  • Business documents
  • Preparing ledger accounts
  • Preparing a trial balance
  • Financial statements
  • Correction of errors
  • Sources of finance  
  • Ratios

Management accounting 

  • Role of management accountant
  • Costing theory 
  • Inventory record cards
  • Labour costing
  • Overhead analysis
  • Job costing 
  • Break even
  • Budgeting
  • Decision-making 
  • Spreadsheets

Assessment

  • Assignment - 50 marks (Duration - 2 hours)
  • Exam Paper - 130 marks (Duration - 2 hours)

Homework
Regular homework excercises will be set, based on the theory part of the course.

 

Higher

The course comprises two areas of study:

Financial accounting

  • Role of financial accountant 
  • Partnership
  • PLCs
  • Manufacturing Accounts
  • Period-end financial statements
  • Business analysis

Management accounting 

  • Role of management accountant
  • Inventory valuation
  • Overhead analysis
  • Service cost statements
  • Process costing
  • Budgeting
  • Decision-making
  • Investment appraisal 
  • Spreadsheets

Assessment

  • Assignment - 60 marks (Duration - 2 hours 30 minutes)
  • Exam Paper - 120 marks (Duration - 2 hours 30 minutes)

Homework
Regular homework excercises will be set, based on the theory part of the course.