Accounting

Accounting is the language of business and is needed now more than ever before.  It is the backbone of all businesses and therefore is a very broad subject.  Today, there are more CEOs with degrees in accounting than any other area of study.

Studying accounting provides a firm foundation on which you can build a variety of careers. There are famous writers, singers and of course business people whose first degree was in accounting, such as John Grisham, Tim DuBois, the head of Arista Records and JP Morgan.

When you study accounting, you position yourself in a very desirable place as a potential employee.  Choose accounting and study in a field that is always in demand.

Why study accounting? 

  • Because it provides an educational background that will help you succeed in a wide variety of jobs.
  • Because the security offered by accounting positions is greater than with jobs in some other fields.
  • Because accounting positions and other jobs related to accounting are available all over the world, allowing you the freedom to live and work in a variety of places.
  • Because anyone who has their mind set on a career in business will benefit from having an accounting background to help them succeed.
  • It encourages the development of self-reliance, mental organisation and agility, clear and logical thinking, planning habits, methods of investigation and processes whereby accuracy can be ensured
  • It enhances numeracy skills and promotes awareness of the use of figures computations and statistics in the world of business and enterprise
  • It exposes students to aspects of business and enterprise with a view to career and working life, additional studies in accounting or as a basis for further education.

Leaving Certificate Accounting

Accounting for the Leaving Certificate is a continuation of basic book-keeping 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 satisfies the information needs of external users i.e. investors, lenders, employees, Government, etc.    Topics covered include Internal Company Accounts, 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
  • 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.  It is preferable (though not essential) that a good knowledge of, and interest in the Junior Certificate Business Studies Course has been attained, in order to cope with the concepts involved.

Further details of the Syllabi can be obtained from the Department of Education and Skills at www.education.ie and look under Curriculum, Syllabus and Training Guides.