SCQF Level: 6
SCQF Credit Points: 24
Vale of Leven Academy
The course helps candidates understand and make use of financial information. They prepare accounting statements, and analyse, interpret and report on an organisation’s financial performance. A main feature of the course is developing numeracy and thinking skills. Candidates develop understanding of:
It would be beneficial if candidates have achieved the National 5 Accounting course or equivalent qualifications and/or experience prior to starting this course.
A National 5 in Maths or Applications of Maths would be preferred but is not a requirement.
This Course or its Units may provide progression to:
Candidates develop their understanding of how to prepare routine and complex financial accounting information. They learn about current financial accounting regulations and apply them to a range of business structures. Stakeholders use this information to assess an organisation’s current financial position.
Candidates develop their understanding of internal accounting procedures. They learn how to prepare information using a range of routine and complex accounting techniques. Management use this information when making decisions about the planning, control and future direction of an organisation.
The question paper gives candidates the opportunity to:
The question paper has a total mark allocation of 120 marks. This is 67% of the overall marks for the course assessment. It has two sections.
Section 1 is worth 80 marks and contains two 40-mark questions. Section 2 is worth 40 marks and contains two 20-mark questions.
Candidates have 2 hours and 30 minutes to complete the question paper.
The assignment gives candidates the opportunity to demonstrate their ability to:
The assignment has a total mark allocation of 60 marks. This is 33% of the overall marks for the course assessment. It samples from both the financial and management accounting areas of study and the use of digital technology attracts up to 20% of the total marks allocated.
The assignment is set on an annual basis. It is a closed book assessment and is conducted under a high degree of supervision and control and is marked externally by the SQA. The assignment must be carried out in one 2 hour and 30 minute block.