F6 front cover June 09 - High School of Dundee

Intermediate 2Why study Accounting?This course is designed to enable you to gain skills and knowledge which areimportant in the world of business. Even if you are not planning a career in this field,the course can improve your personal effectiveness by developing your ability tothink logically, work accurately, make decisions and solve problems.The course consists of 2 units:1 Financial Accounting: The role of the financial accountant Completing business documents, such as bank statements and invoices Calculating trade and cash discounts Recording financial information in ledger accounts, correcting errors and usinga suspense account Updating a bank account and preparing a bank reconciliation statement Preparing a petty cash statement Different types of business ownership Preparing final accounts for sole traders, partnerships, limited companies, andnot-for-profit organisations Calculating and understanding accounting ratios2 Management Accounting: Calculating, describing and controlling business costs Preparing cost statements Applying break-even analysis and decision-making techniques The benefits of using information technology in management accounting Using a spreadsheet as an accounting tool Preparing a cash budget for the purposes of planning and controlPupils wishing to study this subject must have good mathematical skills as the use ofspreadsheets will be fundamental to a large area of the course.The external assessment will be a 2-hour question paper of a computational andtheoretical nature, which will sample equally across the range and content of theFinancial and Management Accounting elements of the course and include theintegration of topics within each of the Financial and Management Accounting areas.6Form 6 Subject ChoiceMarch 2012