AS and A Level: Business Studies: Accounting & Financial Management Coursework

Accounting and Financial Management Defined

Accounting is the process of keeping a record of a company's revenue, costs, cash flow, working capital and future forecasts. This financial management ensures the company has sufficient finances to continue funding its activities.

Why Study Accounting and Financial Management?

Effective accounting and financial management are essential in preventing a company spending too much on, e.g. labour, and in ensuring that future inflows of money will cover future outflows on raw materials, services and wages.

What Will I Study?

You'll write essays assessing the effectiveness of various financial strategies. Your coursework will cover topics such as the effect of new regulations on accounting processes. There'll be projects on balance sheets and budgeting.

Further Study After Accounting and Financial Management

Having a good grip on financial management provides a solid basis for future study at Degree level in Economics, Accounting, Finance, Management Studies, and more. These concepts are vital to effective business management.

Where Can I Find Out More?

Qualifications and Curriculum Authority (QCA)

http://www.qca.org.uk/qca_4710.aspx

Oxford Cambridge and RSA Examinations (OCR)

http://www.ocr.org.uk/Data/publications/key_documents/AS_ALevel_GCE_Business_Studies_Specification.pdf