Choosing Accounting

Accounting is a service activity. It is one of the key functions for any business. Its aim is to provide quantitative financial information to a business. It also refers to the process of summarising, analysing and reporting financial transactions. The basic accounting functions are normally done by a book-keeper, while more detailed accounting is handled by a qualified accountant. The subject has both a theoretical and practical aspect.

The Intermediate level is assessed by a three-hour paper which includes financial accounting and cost and management accounting.

The Advanced level examination delves deeper in the subject and is divided into two papers of 3 hours each. Paper 1 deals with financial accounting while paper 2 includes cost and management accounting.

Both syllabi build on the SEC syllabus and seek to develop the students’ financial literacy, presentation and evaluative skills.

Students following the IPAL cannot choose first and second year concurrently unless they have studied the subject at Advanced level before.

You can study Accounting at

Course      Prerequisites Duration    Lessons Tutorial sessions     
Advanced level

No previous knowledge is required

2-years 5 lessons per week 1 tutorial per week.
Intermediate level

No previous knowledge is required

2-years 3/4 lessons per week N/A


Students joining GCHSS after the scholastic year has started can only choose Accounting if they have a basic knowledge of Accounts. A pass in Business Studies is not accepted.

Special Considerations

Accounting cannot be taken with both Marketing and Economics.

Recommended Textbooks

Students will be informed at the start of the course.

The teaching programme is supplemented by:

  • Guest Speakers

Further Studies/ Career opportunities

  • For B.Com. (Accountancy) (University of Malta) a pass in Accounting A level is compulsory. For other options within B.Com. having Accounting at A level is an asset.
  • MCAST 
  • Institute of Tourism Studies
  • Careers such as accounting technician and accounts clerk amongst others