1. Accounting: Introduction
Please check out the business department website:
Mr. Barry
A-level Accounting Year 12

2. A-level Accounting Year 12
Mr. Barry
A-level Accounting Year 12

3. A-level Accounting Year 12
The school day
Mr. Barry
A-level Accounting Year 12

4. A-level Accounting Year 12
Starter Activity 1
On the postit given, can you answer the following questions (use both sides)
Why did you choose accounting?
What are you most looking forward to studying this year in the accounting course?
This bar timer, will start when anywhere on the slide is clicked. The bar will move from left to right and the word ‘End’ will appear at the end, accompanied by a ‘Deep Gong’ sound. It is possible to change the duration of this timer to any time, by entering the animation settings, and changing the timing for ‘rectangle 3’. Note the time has to be entered as a number of seconds – so if you want 2mins & 30secs – this is entered as 150 (60X = 150).
End
Mr. Barry
A-level Accounting Year 12

5. Specification at a glance
Accessible on
Mr. Barry
A-level Accounting Year 12

6. Format of the course AS (Year 12) A-level (Year 13)
1. An introduction to the role of the accountant in business
11. Standard costing and variance analysis
2. Types of business organisation
12. Absorption and activity based costing
3. The double entry model
13. Capital investment appraisal
4. Verification of accounting records
14. Accounting for incomplete records
5. Accounting concepts used in the preparation of accounting records
15. Partnership accounts
6. Preparation of financial statements of sole traders
16. Accounting for limited companies
7. Limited company accounts
17. Interpretation, analysis and communication of accounting information
8. Analysis and evaluation of financial information
18. Impact of ethical considerations
9. Budgeting
10. Marginal costing

7. A-level Accounting Year 12
Icebreaker Time
Mr. Barry
A-level Accounting Year 12

8. A-level Accounting Year 12
Form into Pairs now
Mr. Barry
A-level Accounting Year 12

9. A-level Accounting Year 12
Activity
On the postit given, can you answer the following questions (use both sides)
Find your partners
Name and some basic information
Favourite colour
Favourite pastime
Best moment from the summer holidays
This bar timer, will start when anywhere on the slide is clicked. The bar will move from left to right and the word ‘End’ will appear at the end, accompanied by a ‘Deep Gong’ sound. It is possible to change the duration of this timer to any time, by entering the animation settings, and changing the timing for ‘rectangle 3’. Note the time has to be entered as a number of seconds – so if you want 2mins & 30secs – this is entered as 150 (60X = 150).
End
Mr. Barry
A-level Accounting Year 12

10. A-level Accounting Year 12
Time to Stand Up
Mr. Barry
A-level Accounting Year 12

11. Topic 1 An introduction to the role of the accountant in business
Lesson 1
Lesson 2
Lesson 3
Mr. Barry
A-level Accounting Year 12

12. 1.1 The responsibilities of the accountant within business
Mr. Barry
A-level Accounting Year 12

13. A-level Accounting Year 12
Learning Outcomes
From exploring this topic students should be able to:
Explain the basic responsibilities of the accountant in business (Must)
Illustrate an understanding by providing detailed examples of the basic responsibilities of the accountant in business (Should)
Evaluate the importance of these responsibilities to the overall operation of the business (Could)
Mr. Barry
A-level Accounting Year 12

14. Thinking time! What is Accounting and what does it involve? 2 minutes
Mr. Barry
A-level Accounting Year 12

15. A-level Accounting Year 12
What is Accounting?
Drury (2009) explains how accounting is the process of identifying, measuring and communicating [financial] information to permit informed judgements and decisions by users [stakeholders] of the information
An accountant is a practitioner of accounting who manages, corrects and reports the organisation’s accounts
Mr. Barry
A-level Accounting Year 12

16. A-level Accounting Year 12
Starter activity
Individually, consider the following question:
“Explain some possible responsibilities an accountant might have in a business”
This bar timer, will start when anywhere on the slide is clicked. The bar will move from left to right and the word ‘End’ will appear at the end, accompanied by a ‘Deep Gong’ sound. It is possible to change the duration of this timer to any time, by entering the animation settings, and changing the timing for ‘rectangle 3’. Note the time has to be entered as a number of seconds – so if you want 2mins & 30secs – this is entered as 150 (60X = 150).
End
Mr. Barry
A-level Accounting Year 12

17. A-level Accounting Year 12
In pairs, discuss your answers and try to consider evaluating your responses
3 minutes
Evaluate
Illustrate
Explain
End
Mr. Barry
A-level Accounting Year 12

18. A-level Accounting Year 12
Feedback time
Mr. Barry
A-level Accounting Year 12

19. Roles and responsibilities of an accountant
Accountancy is one of the most detailed and diverse roles in the finance industry and as such accountants are required to be competent in a number of areas.
Prepare financial statements
Set up accounting practices and procedures
Analyse budgets
Costing potential products
Evaluate financial information
Mr. Barry
A-level Accounting Year 12

20. A-level Accounting Year 12
Key terms
Activity: Match the key term with the explanations below
Explanation
Refers to transactions represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries.
A person with an interest or concern in the business
Summary report that shows how a company has used the funds entrusted to it by its stockholders (shareholders) and lenders, and what is its current financial position. They include an income statement and balance sheet.
An estimate of future income and expenditure for a set period of time.
Term
Financial Statement
Budget
Account
Stakeholder
Mr. Barry
A-level Accounting Year 12

21. Responsibilities of an accountant
Ethics and Approach It is the responsibility of an accountant to ensure they’re working within the law at all times. No window dressing!
Impartiality Provide a true and fair view
Window dressing- actions taken or not taken in order to improve the appearance of the financial statements
True and fair view- financial statements are accurate to the best of the accountants knowledge
Mr. Barry
A-level Accounting Year 12

22. A-level Accounting Year 12
Further reading
Accountant responsibility is the ethical responsibility an accountant has to those who rely on his/ her work.
An accountant has a responsibility to his clients, managers, investors etc.
Taken from:
Mr. Barry
A-level Accounting Year 12

23. A-level Accounting Year 12
Plenary
Why is it important for an accountant to be responsible? What are the consequences for unethical practices when preparing accounts?
End
Mr. Barry
A-level Accounting Year 12