Accounting
Accounting is a continuation of Basic Accounting as studied for Junior Certificate. It is divided into two main areas:
- Financial Accounting (Two thirds of the course)
- Management Accounting (One third of the course)
Financial Accounting primarily satisfied the information needs of external users i.e. investors, lenders, employees Government, etc. Topics covered include Club Accounts, Cash Flow Statements, Incomplete Records, Published Accounts, Debtors and Creditors Control Accounts.
Management Accounting is concerned with providing information to managers to assist in planning, controlling and decision-making. The main areas covered are:
- Product costing
- Break-even analysis
- Budgeting (Production, Cash etc.)
The Leaving Certificate exam paper is divided into three sections, within which there is plenty of choice.
It should be noted that this is a practical subject with a minimum of theory, and therefore, an average mathematical ability and some basic book-keeping skills are sufficient to cope with the concepts involved.
Career Links: Accountancy, Insurance, Banking, IT etc.