SEC or GSCE Accounting provides the basis towards understanding accounting systems in the business world. The various modes of assessment included in this syllabus will provide the students with the opportunity to fully demonstrate their achievement in accounting. Teachers and learners can discover new ways of learning accounting to enhance the school experience. This will enable learners to embrace new methods of learning that will intrinsically motivate them to succeed.
Individual attention
Holistic support
SEC O’Level
GCSE O’Level
The study area SEC Accounting is informed by the National Curriculum Framework (NCF). GSCE Accounting is informed by Regulated Qualifications Framework (RQF).
Accounting provides information to business organisations and in particular to the providers of capital to assist them in their investment decisions. Business organisations maintain accounting records to facilitate the preparation of financial statements that report on the profitability and the financial position of the business. The financial reports assist management, owners, prospective investors and lenders in making informed decisions. Moreover, accounting is a tool for personal finance and it will enhance the students’ financial literacy skills which will prepare them better for the future.
The fast growing business environment has led to an increased awareness of the role of accounting and its importance in the financial sector and the community. Accounting provides a framework upon which financial statements are prepared to ensure a true and fair view of business performance and financial position. The understanding of the fundamental accounting principles will guide students in their journey of discovering accounting. The benefits of accounting are not limited to business and its management. Accounting knowledge complements other essential skills for lifelong learning. Its relevance is not solely to undertake a profession in accountancy or to an alternative career path in the financial sector. It will assist citizens in their financial decisions and in their day-to-day financial needs. Accounting encourages students to think critically, analyse situations and evaluate different courses of action in reaching a decision. An extensive baggage of skills will ensure the success of the individual and the society.
At the end of the programme, the student will be able to:
GSCE/SEC Accounting will cover all of the subject’s core syllabus including: The nature and purpose of accounting and financial literacy, Recording financial transactions and preparing basic financial statements, Maintaining an accounting system, Two-column cash book and bank reconciliation statement, Accounting for end of period adjustments, The statement of profit or loss and the statement of financial position and the end of period adjustments, Cost classification, break-even and manufacturing accounts, Control accounts and correction of errors, Single entry and incomplete records, and Accounting ratios and departmental accounts. For a detailed breakdown of what each syllabus entails, click the links below:
Developed by Stefan Azzopardi