Accounting

Business Department

The Accounting course will develop skills in double entry accounting to record business transactions. Pupils will learn how to check accuracy of recording data and extract an Income Statement and Statement of Financial Position for year end accounts. Using data for decision making in a management accounting context will be taught.

At Lanark Grammar, we teach Accounting at National 5 and Higher.

Assessment

Assignment

National 5

Assignment 50 marks in 2 hours

Higher

Assignment 60 marks in 2 hours and 30 minutes

Exam

National 5

Question paper 130 marks in 2 hours.

Higher

Question paper 120 marks in 2 hours and 30 minutes

Ideal Candidate

A pupil interested in developing vocational skills which will allow success at Further Study or going in to a vocational course. Ability to apply numeracy concepts to record, analyse and interpret data. Students who pay attention to detail and who like to apply logical and analytical thinking.

What you will learn

National 5

prepare and present a range of straightforward accounting statements
select straightforward accounting information to determine business revenues, costs and profits
use ICT to produce and communicate straightforward accounting information in a range of contexts
evaluate business success on the basis of accounting information
prepare, interpret and analyse a range of accounting information
use accounting techniques, in familiar contexts, to facilitate decision-making
apply knowledge and understanding of fundamental accounting concepts and theories

Higher