IGCSE Accounting is designed to introduce students to the fundamental concepts and principles of accounting, helping them develop a solid understanding of financial record-keeping and analysis.
In this subject, you will learn how businesses and organisations keep track of their financial transactions and use this information to prepare financial statements. These financial statements provide a snapshot of a company's financial performance and position, which is crucial for decision-making and assessing the overall health of the business.

Here are some key aspects you will cover with our specialised trainers in IGCSE Accounting:

Recording Transactions

You will learn how to record various financial transactions in a systematic way using documents like invoices, receipts, and vouchers. These transactions are then organised in books called ledgers.

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Financial Statements

You'll study three main financial statements:

Statement: This shows the revenues earned and expenses incurred by a business over a specific period, resulting in its net profit or loss.

Balance Sheet: This presents the financial position of a business at a given point in time, listing its assets, liabilities, and equity.

Cash Flow Statement: This details the inflows and outflows of cash in a business, helping to analyse its liquidity and cash management.

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Ratio Analysis

You'll learn how to calculate and interpret various financial ratios that allow you to assess a company's performance, profitability, and efficiency.

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You'll be introduced to the concept of budgeting, where businesses plan and allocate their financial resources to achieve specific goals and objectives.

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Partnerships and Limited Companies

You will explore the accounting principles applicable to partnerships and limited companies, understanding how they differ from sole proprietorships.

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Depreciation and Inventory Valuation

You'll learn about depreciation, which is the gradual decrease in the value of assets over time, and different methods for valuing inventory.

Overall, IGCSE Edexcel Accounting provides you with practical skills in financial management and helps you gain insights into the world of business finance. It's essential to practise solving accounting problems and work with real-world examples to strengthen your understanding of the subject and prepare effectively for the exam.

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How can we help?

At UniHawk, our instructors will provide you with a wide array of resources alongside continual guidance. Here’s a sneak peak for you:

Comprehensive Study Material:

Our focus is ensuring mastery of concepts and not memorization. Our study materials bundle is simple to go over after class, yet concomitantly entails all essential knowledge needed for the subject.

Organised Study Schedule:

Students require individualised guidance, with constant motivation, clear expectations and deadlines to reach their maximum potential in a subject. Our instructors do so by directing them through personalised study roadmaps, and by fostering accountability and discipline in students through regular engagement and practice.

Practice with past papers and mock exams:

While students do fall behind in their grade due to gaps in knowledge of concepts, very commonly it’s also due to negligence of the following:

  • Problem-solving skills
  • Analytical skills
  • Time management skills
  • Anxiety management

To develop these skills, students require guided practice. Here, a common way is working with past papers. It benefits them immensely when they receive expert insight and strategies while doing past papers.

Regular review and student evaluation:

Helps make students ready for the Exam day. Regular review and evaluation reduces overall stress and boosts confidence. Students thus feel ready than ever to tackle the exam!

Personalised Attention

Focused learning Environment

Addressing weak areas: Targetted help and support


  1. Topic 1: The accounting environment
  2. Topic 2: Introduction to bookkeeping
  3. Topic 3: Introduction to control processes
  4. Topic 4: The preparation of financial statements
  5. Topic 5: Accounting for end of period adjustments

Past Papers

Paper 1:Introduction to Bookkeeping and Accounting Paper 2:Financial Statements
Paper code 4AC1/01 4AC1/02
Exam Cycle January and June January and June
Topics in exam Topic 1: The accounting environment
Topic 2: Introduction to bookkeeping
Topic 3: Introduction to control processes.
Topic 4: The preparation of financial statements
Topic 5: Accounting for end of period adjustments.
Time 2-hours 1-hour 15-minute
Exam format Section A
• Section A comprises 10 1-mark multiple-choice questions and three short-answer questions worth 5 marks each.
Section B
• Section B comprises five multi-part questions worth 15 marks each.
The examination comprises two multi-part questions focusing on the preparation, analysis or evaluation of financial statements.
Marks 100 50
Weightage 66.6% of total 33.3% of total

Key Points

  • From Sept. 2023, modular Accounting for edexcel will begin too so students appearing for exam in June 2024 can opt for it
    • First teaching: September 2023
    • First assessment: May/June 2024
    • Modular exams can be taken in June or November sittings
  • Other information about Pearson Edexcel International Curriculum
    • Clear and straightforward question papers
    • Comparable to GCSE
    • 9–1 grading scale
    • Accounting, Business, Commerce and Economics qualifications
    • Accounting: Paper 2: Financial Statements (Practical application: In Paper 2, students apply their knowledge with case studies to produce and correct financial statements)
    • Both, linear and modular exam option available


  1. The fundamentals of accounting
  2. Sources and recording of data
  3. Verification of accounting records
  4. Accounting procedures
  5. Preparation of financial statements
  6. Analysis and interpretation (main accounting ratios)
  7. Accounting principles and policies

Past Papers

Paper 1: Paper 2:
Exam Cycle June and November
(India only: March also)
June and November
Topics in exam All All
Time 1-hour 15-minute 1-hour 45-minute
Exam format MCQ Structured written paper
Marks 35 100
Weightage 30% of total 70% of total

Key Points

  • Students can opt for grade scale A* to G (Code: 0452) or 9-1 (Code: 0985) in UAE (both are available but more info. Should be checked with school)
  • Exams are linear only