,INTERNATIONAL ADVANCED LEVEL ACCOUNTING SPECIFICATION
Edexcel, BTEC and LCCI qualifications
Edexcel, BTEC and LCCI qualifications are awarded by Pearson, the UK’s largest awarding
body offering academic and vocational qualifications that are globally recognized and
benchmarked. For further information, please visit our qualification website at
qualifications.pearson.com. Alternatively, you can get in touch with us using the details on
our contact us page at qualifications.pearson.com/contacts
About Pearson
Pearson is the world's leading learning company, with 35,000 employees in more than 70
countries working to help people of all ages to make measurable progress in their lives
through learning. We put the learner at the Centre of everything we do, because
wherever learning flourishes, so do people. Find out more about how we can help you and
your learners at qualifications.pearson.com
Acknowledgements
This specification has been produced by Pearson on the basis of consultation with teachers,
examiners, consultants and other interested parties. Pearson would like to thank all those
who contributed their time and expertise to the specification’s development.
References to third party material made in this specification are made in good faith. Pearson
does not endorse, approve or accept responsibility for the content of materials, which may
be subject to change, or any opinions expressed therein. (Material may include textbooks,
journals, magazines and other publications and websites.)
All information in this specification is correct at time of going to publication.
ISBN 978 1 446 95129 3
All the material in this publication is copyright
© Pearson Education Limited 2018
,Summary of Pearson Edexcel International Advanced
Subsidiary/Advanced Level in Accounting Specification
Issue 2 changes
Summary of changes made between previous issue and this current Page
issue number
The ‘About this specification’ section has been corrected to show that 2
assessment opportunities are January, June and October
The ‘Content and assessment overview’ section has been updated to show the 8, 9
assessment opportunities are January, June and October
Content in Unit 1: 1.3 Financial statements of organizations has been 13, 14
updated for 1.3.1, 1.3.7, 1.3.8 and 1.3.9 to say ‘Statements of profit or loss
and other comprehensive income…’ rather than ‘Statements of
comprehensive income…’.
Assessment objective weightings have been amended 23
Resitting of units section has been updated to reflect the correct rules 25
Appendix 6: Glossary of International Accounting Standards (IAS) terminology 38, 39
has been updated to use the correct terminology. These changes have been and 40
reflected in the content for Unit 1 and Unit 2.
In Appendix 7: Formulae the first formula has been amended to say ‘1 Gross 41
Profit as a Percentage of revenue (sales margin) = (Gross Profit/Revenue) x
100’ rather than ‘Gross Profit as a Percentage of revenue = (Gross
Profit/Revenue) x 100’.
If you need further information on these changes or what they mean, contact us via our
website at: qualifications.pearson.com/en/support/contact-us.html.
,
Edexcel, BTEC and LCCI qualifications
Edexcel, BTEC and LCCI qualifications are awarded by Pearson, the UK’s largest awarding
body offering academic and vocational qualifications that are globally recognized and
benchmarked. For further information, please visit our qualification website at
qualifications.pearson.com. Alternatively, you can get in touch with us using the details on
our contact us page at qualifications.pearson.com/contacts
About Pearson
Pearson is the world's leading learning company, with 35,000 employees in more than 70
countries working to help people of all ages to make measurable progress in their lives
through learning. We put the learner at the Centre of everything we do, because
wherever learning flourishes, so do people. Find out more about how we can help you and
your learners at qualifications.pearson.com
Acknowledgements
This specification has been produced by Pearson on the basis of consultation with teachers,
examiners, consultants and other interested parties. Pearson would like to thank all those
who contributed their time and expertise to the specification’s development.
References to third party material made in this specification are made in good faith. Pearson
does not endorse, approve or accept responsibility for the content of materials, which may
be subject to change, or any opinions expressed therein. (Material may include textbooks,
journals, magazines and other publications and websites.)
All information in this specification is correct at time of going to publication.
ISBN 978 1 446 95129 3
All the material in this publication is copyright
© Pearson Education Limited 2018
,Summary of Pearson Edexcel International Advanced
Subsidiary/Advanced Level in Accounting Specification
Issue 2 changes
Summary of changes made between previous issue and this current Page
issue number
The ‘About this specification’ section has been corrected to show that 2
assessment opportunities are January, June and October
The ‘Content and assessment overview’ section has been updated to show the 8, 9
assessment opportunities are January, June and October
Content in Unit 1: 1.3 Financial statements of organizations has been 13, 14
updated for 1.3.1, 1.3.7, 1.3.8 and 1.3.9 to say ‘Statements of profit or loss
and other comprehensive income…’ rather than ‘Statements of
comprehensive income…’.
Assessment objective weightings have been amended 23
Resitting of units section has been updated to reflect the correct rules 25
Appendix 6: Glossary of International Accounting Standards (IAS) terminology 38, 39
has been updated to use the correct terminology. These changes have been and 40
reflected in the content for Unit 1 and Unit 2.
In Appendix 7: Formulae the first formula has been amended to say ‘1 Gross 41
Profit as a Percentage of revenue (sales margin) = (Gross Profit/Revenue) x
100’ rather than ‘Gross Profit as a Percentage of revenue = (Gross
Profit/Revenue) x 100’.
If you need further information on these changes or what they mean, contact us via our
website at: qualifications.pearson.com/en/support/contact-us.html.
,
