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Excel in iGCSE Accounting with Targeted Practice

Master iGCSE Accounting with practice on double-entry bookkeeping, financial statements, costing, and budgeting.

Content reviewed February 2026 · Aligned to current specifications

About iGCSE Accounting

iGCSE Accounting introduces students to the principles and practice of financial record-keeping and reporting. The Cambridge International syllabus covers double-entry bookkeeping, the preparation of financial statements, ratio analysis, budgeting and the accounting needs of sole traders, partnerships and limited companies.

Assessment is through written examination papers that include both computational questions (preparing accounts, calculating ratios) and discursive questions (explaining accounting concepts, evaluating financial performance). There is no coursework component, and the exams test both technical accuracy and conceptual understanding.

The iGCSE in Accounting provides an excellent foundation for International A-Level Accounting and for careers in finance, auditing and business management. It develops precision, attention to detail and the ability to interpret financial information - skills that are valuable in any profession.

Topics Covered

Double-Entry Bookkeeping Ledger Accounts Trial Balance Financial Statements Bank Reconciliation Depreciation Costing Budgeting

Exam Boards

iGCSE Accounting is available from these exam boards

Cambridge International Edexcel International

How UpGrades Helps

Adaptive Practice

Questions adapt to your level in Accounting, focusing on the topics where you need the most improvement.

Spaced Repetition

Review Accounting topics at optimal intervals to maximise long-term retention for your iGCSE exam.

Progress Tracking

See exactly how you're progressing across all 8 Accounting topics with detailed analytics.

Study Tips for Accounting

  • ✓ Practice the double-entry system until it is instinctive. Every transaction must balance, and understanding why debits and credits work as they do is the foundation of the entire course.
  • ✓ Work through past papers under timed conditions, as iGCSE Accounting exams require speed and accuracy. The ability to prepare financial statements quickly comes from repeated practice.
  • ✓ Learn the formats for each type of financial statement (income statement, statement of financial position, cash flow statement) and practice reproducing them from memory.
  • ✓ When studying ratio analysis, always practice interpreting the results, not just calculating them. iGCSE examiners want you to explain what the numbers mean for the business.

Exam Tips for iGCSE Accounting

  • ✓ In computation questions, work neatly and label every figure clearly. Examiners cannot award marks for correct numbers that appear in the wrong place in a financial statement.
  • ✓ Always check that your trial balance or statement of financial position balances. If it does not, recheck your workings rather than forcing an incorrect figure.
  • ✓ For discursive questions, use precise accounting terminology and provide examples to illustrate your points.

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Frequently Asked Questions

Do I need any prior knowledge for iGCSE Accounting? +
No prior accounting knowledge is required. The course starts from the basics of financial record-keeping and builds up to more complex topics. However, you need to be comfortable with arithmetic and basic mathematics.
What is the difference between iGCSE Accounting and iGCSE Business Studies? +
Accounting focuses specifically on financial record-keeping, the preparation of financial statements and the analysis of financial data. Business Studies covers a much broader range of topics including marketing, HR and operations. Accounting is more technical and numerical.
Is iGCSE Accounting useful for A-Level? +
Yes, iGCSE Accounting provides the foundational knowledge of bookkeeping and financial reporting that International A-Level Accounting builds upon. Students who perform well at iGCSE are well prepared for the increased complexity at A-Level.

Useful Resources

How to Revise Accounting Past Papers Formula Sheets Exam Timetables Specifications

Accounting at other levels: International A-Level Accounting

Start revising Accounting

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