Business Studies

Business Management and Accounting

Business and enterprise are at the heart of national growth and development. Business related courses offer pupils the opportunity to access, understand and contribute to the dynamic business environment.The courses offered at Wellington provide a solid grounding for further study in general areas such as Business, Social Studies and Management and for professional qualifications in Law and Accountancy. The Accounting and Business Management courses are also of benefit to anyone contemplating a career in government, commerce or industry.

Enterprise Education is prominent at all levels at Wellington. Pupils are given opportunities to develop a range of essential skills and experiences for the future. The Business Studies department currently offers courses in Business from S1 to S6 and Accounting from S3 onwards.


S1 and S2

S1 and S2 pupils receive a thorough grounding in a wide variety of areas of study, including: The Business Environment, Teamwork and Communication, Business Finance, Business Technologies: Spreadsheets, Business Ethics and Social Enterprise in Action: the annual Wellington School Fair Trade Event.


National 5

Pupils in S3 and S4 can continue their study of Business Education in S3 by choosing Accounting, Business Management or both.

National 5 Business Management is made up of three units: Understanding Business; Management of Marketing and Operations; Management of People and Finance. Meanwhile, National 5 Accounting comprises Preparing Financial Accounting Information; Preparing Management Accounting Information; Analysing Accounting Information.



This course involves the preparation of the final accounts of sole traders, partnerships, limited liability companies, and non-profit making organisations. It also covers analysis of accounting information through ratio analysis and exposes pupils to various accounting standards and principles.

Pupils study the classification of costs and costing systems, the preparation of cost statements, budgeting, break-even analysis and profit maximisation statements all of which aid decision making within an organisation. Pupils will explore the impact of information technology on the work of the management accountant.

Business Management
A main feature of this course is the development of enterprising and employability skills. By the end of the course, pupils will understand and make use of business information to interpret and report on overall business performance in a range of contexts. They will also examine large organisations in the private, public and third sectors and will combine theoretical and practical aspects of learning through the use of real-life business contexts.


Advanced Higher

The Advanced Higher course comprises two units: Financial Accounting and Management Accounting. The former is designed to enable candidates to develop the skills and techniques which will allow them to record the dissolution of a partnership, to prepare external accounting statements for a single public limited company and a consolidated balance sheet for a parent company and one subsidiary. Pupils will also learn to prepare and analyse accounting ratios for business organisations, prepare a cash flow statement for a public limited company and prepare accounting statements for incomplete data for a business organisation.

The Management Accounting unit focuses on the skills and techniques which will allow pupils to prepare and evaluate cost statements for service, operation, contract or process concerns and apply marginal or absorption costing techniques; prepare functional and/or flexible budgets for planning and control purposes; apply break-even analysis, decision making, and investment appraisal techniques for decision making purposes and prepare standard costing statements using variance analysis techniques. It will also develop a knowledge and understanding of the theory relating to management accounting.

Pupils in S6 are exposed to the world of business and enterprise through extracurricular activities including the Chartered Management Institute Workshadow Programme, Business Dynamics and fundraising for the S6 Charity.

Business Management
Pupils address many of the key issues surrounding the global economy – the rise of the multinational via globalisation, the EU and the impact of ethics within business are some of the topics covered. The course also covers issues more personal to an organisation such as leadership, motivation, management style and the implementation of change. All of these topics are underpinned by a detailed examination of the work of some of the most well-known management theorists.

Researching a Business is the unit in which pupils undertake an analysis of the workings of a real life business. They are asked to make contact with the business organisation and to thoroughly examine its relative strengths and weaknesses by conducting SWOT analysis, interviewing key stakeholders and so on. This represents the starting point for the Business Report, an extended analysis piece which is marked externally.


Curricular Activities and Extracurricular Clubs

Business skills are encouraged and teamwork is valued and actively nurtured in Business Education pupils of all levels. They are encouraged to participate fully in a wide range of challenges and competitions, both in school and in extracurricular activities including S2 Fair Trade Day; Lions’ Laircontest; Young Enterprise Scotland; Student Investor; Foreign Exchange Programme Enterprise Days. Trips and visits are organised to local businesses, as applicable. Recent trips have included the Caledonian Paper Mill, Ardagh Glass and Tesco.