Senior Level 1 & 2

Subject Information


The aims are to enable students to develop:

  • knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organisations and society as a whole
  • an understanding of accounting concepts, principles, policies, techniques, procedures and terminology
  • improved skills of numeracy, literacy, communication, enquiry, presentation and interpretation
  • improved accuracy, orderliness and the ability to think logically an excellent foundation for advanced study

The IGCSE Accounting Course is structured to run over AT LEAST a 24 month period to provide sufficient contact time and exam preparations.

Scheme of work:

The IGCSE Accounting syllabus is presented in the below structure:

The fundamentals of accounting 5 (4% of the course) 7.5
Sources and recording of data 36 (28% of the course) 54
Verification of accounting records 16 (12% of the course) 24
Accounting procedures 16 (12% of the course) 24
Preparation of financial statements 40 (31% of the course) 60
Analysis and interpretation 12 (9% of the course) 18
Accounting principles and policies 5 (4% of the course) 7.5


Throughout the course, internal assessments and examinations will take place.

Term 1 and 3

2 Assignments and 1 test per term.

Term 2 and 4

2 Assignments and 1 set of exams per term.

These exams will be structured as external exams to give students and accurate depiction of what they can expect.

Paper 1

  • Multiple choice paper
  • 1 hour 15 minutes
  • 35 marks
  • 30%
  • Candidates answer all 35 multiple-choice questions and indicate their answers on the answer sheet provided.
  • This paper assesses content drawn from the entire syllabus. The questions may include calculations.
  • Calculators may be used in the examination.

Paper 2

  • Written paper
  • 1 hour 45 minutes
  • 100 marks
  • 70%
  • This is a structured written paper made up of five questions worth 20 marks each and assessing content drawn from the entire syllabus.

Both papers present a mix of ALL topics.


Students are advised to purchase the following textbooks to facilitate their learning experience:

Cambridge IGCSE and O Level Accounting Workbook

  • ISBN:9781316505052
  • Format: Paperback
  • Subject(s): Accounting
  • Qualification:Cambridge IGCSE