Ireland · NCCA Curriculum Specifications
6th Year Accounting.
This 6th Year (Senior Cycle) Accounting curriculum prepares students for the Leaving Certificate examination. It develops advanced skills in financial and management accounting, focusing on the preparation, analysis, and interpretation of financial statements for various organisational types.
01Preparation of Financial Statements
Advanced preparation of final accounts for companies, including regulatory requirements and cash flow analysis.
Preparation of trading, profit and loss accounts, and balance sheets for PLCs. Focus on end-of-year adjustments including depreciation, bad debts, and accruals.
Understanding the regulatory framework and preparation of accounts for publication. Students will learn the requirements of the Companies Acts.
Preparation of cash flow statements in accordance with Financial Reporting Standards. Analysis of cash inflows and outflows to assess liquidity.
02Financial Accounting - Specialised Accounts
Accounting procedures for specific types of entities, including incomplete records, non-profit organisations, and service firms.
Ascertaining profit or loss when double-entry records are not maintained. Techniques for constructing accounts from single-entry data.
Preparation of receipts and payments accounts, and income and expenditure accounts for non-profit organisations. Focus on accumulated funds and subscriptions.
Accounting procedures for service-providing businesses such as medical practices or health clubs. Preparation of final accounts tailored to service industries.
03Interpretation of Accounts
Analysing financial statements using ratio analysis to evaluate performance and advise stakeholders.
Calculation of profitability, liquidity, solvency, and investment ratios. Using mathematical tools to evaluate financial performance.
Analysing financial data to advise stakeholders on business decisions. Writing comprehensive reports based on ratio analysis.
Evaluating the constraints of traditional financial accounting. Discussion of historical cost concepts and the impact of inflation.
04Management Accounting
Internal accounting techniques for planning, control, and decision-making, including costing and budgeting.
Understanding cost behaviour and the separation of fixed and variable costs. Application of marginal costing to decision-making and break-even analysis.
Allocation and apportionment of overheads to cost centres. Calculating the total cost of a product using absorption costing methods.
The role of budgeting in planning and control. Preparation of cash budgets to forecast future cash flows and identify financing needs.
Preparing budgets for different levels of activity. Comparing actual results with flexible budgets to calculate variances.