Accounting – Senior Cycle

Subject Overview

  • To contribute to a balanced an appropriate general education, leading to the personal and social development of each student together with a fostering of the concept of accountability
  • To create awareness of the business environment and to to provide each student with the knowledge, understanding and skills leading to a personal competence and responsible participation in this changing and challenging environment.
  • To encourage 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
  • To enhance numeracy skills and promote awareness of the use of figures computations and statistics in the world of business and enterprise
  • To expose 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.


The course is divided into eleven main sections:

  1. The Conceptual framework of Accounting
  2. The Regulatory Framework of Accounting (Higher Level only)
  3. Accounting Records
    1. Double-entry bookkeeping
    2. Bank reconciliation statement
    3. Control Accounts
    4. Suspense Accounts
  4. Sole Traders
  5. Company Accounting
    1. Share Capital, Reserves and Loan Capital
    2. Financial Statements of Limited Companies
    3. Appreciation of Annual Reports of Public Limited Companies (Higher Level only)
  6. Specialised Accounts
    1. Manufacturing Accounts
    2. Stock
    3. Club Accounts and the Accounts of Servicefirms
    4. Departmental Accounts
    5. Farm Accounts
  7. Incomplete Records
  8. Cash Flow Statements
  9. Analysis and Interpretation of Financial Statements
  10. Management Accounting
  11. Information Technology and Computer Applications in Accounting


The syllabus is assessed by means of an examination paper at two levels, Ordinary level and Higher level in ascending order of difficulty.


A review of the Leaving Certificate Accounting syllabus has taken place and a revised syllabus has been completed. This revised syllabus will be approved by the NCCA in spring 2006 and following approval, will issue to the Department of Education and Science for implementation in schools in due course.