National 5 Accounting

The course consists of 2 areas of study:

1. 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

2.  Management Accounting

• Role of Management Accounting

• Costing Theory

• Inventory Record Cards

• Labour Costing

• Overhead Analysis

• Job Costing

• Break Even

• Budgeting

• Decision Making

• Spreadsheets

• Course Assessment

  • 2 hours assessment completed in February / March

  • Spreadsheet Useage

  • 28% of final mark

• Question Paper

  • completed during the exam diet

  • Financial and Management Accounting

  • 72% of final mark

• Higher Accounting

• Further Education

• Apprenticeships

• Employment