Page 12 - Microsoft Word - 5th yr sub choice book 2017
P. 12

JUNIOR CERT BUSINESS BRANCHES INTO:

                                 ACCOUNTING              BUSINESS          ECONOMICS

                                                      Accounting:
              Leaving Certificate accounting provides students with the knowledge, understanding and skills in
                            accounting and financial management necessary for managing personal and basic
                               company accounts. The learning experiences in accounting develop students’
                        organisational, logical thinking, planning and problem-solving skills for their future life, work
                            and study. It also develops their numeracy skills within the context of business and
                                                               enterprise.

                        Why Study Accounting?


        For those considering studying accounting, actuarial studies or finance after the Leaving Cert it would be
        unwise to leave accounting out of their subject choice. It is also be an important subject choice for those
        thinking of starting their own business.

        While not required specifically for studying any third level college course, it is recommended if Accountancy
        is the career path you want to follow.

        What kind of Student would Accounting suit?

        Commonly seen as the mathematical side of business, accounting attracts the more numerate student. It
        teaches  students  the  bookkeeping  side  of  business  but  delves  deeper,  teaching  you  to  analyse  and
        interpret the figures. Once you can understand and adhere to the basic rules of accountancy, it is a subject
        that you can do very well in.

        Recommendations/Tips

        The course is numerically based but theory and procedures must be learned also. While the student needs
        to  be  comfortable  with  numbers  he  or  she  does  not  need  to  be  at  higher  maths  level.  While  the Junior
        Certificate  Business  Studies  Course  provides  a  foundation  for  this  course,  it  is  not  essential  and  it  is
        possible to take accountancy up at senior cycle.
        This course offers a hard working student the real possibility of high grades because of the unambiguous
        nature of the questions. An organised student who likes order will be particularly suited to this course.

        Topics covered include:
                   •   Financial Statements analysis and preparation
                   •   Club Accounts
                   •   Company Accounts
                   •   Manufacturing Accounts
                   •   Break-even Analysis
                   •   Accounting Theory and Principles
                   •   Farm Accounts
                   •   Interpretation of financial statements
                   •   Costing
                   •   Budgeting.

        Exam Structure:

        The subject is examined at higher and ordinary level. Both levels involve one exam of three hours duration.
        The exam paper is made up of three sections, the first two are based on the Financial Accounting section
        of the course and the third covers the Management Accounting section. Questions must be answered from
        all sections of the exam paper.

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