This course follows on from the Level 1 qualification allowing students to develop their knowledge and skills at a higher level. The aim of this qualification is to develop your understanding of the bookkeeping principles to advance your career in finance. In particular how to execute the principles of double entry bookkeeping and understanding journals, control accounts and a trial balance.
This course is suitable for those considering a career in book keeping and accounts and those who run their own small business.
At Level 2, the aim of the qualification is to enable candidates to adjust ledger accounts to take account of activities at the trial balance date which affect the production of an accurate trading, profit and loss account and balance sheet.
Areas covered at Level 2 include
Processing bookkeeping transactions: Understanding double-entry bookkeeping, integrating books of prime entry and describing coding system functions Understanding discounts and settlement, trade and bulk discount differences Preparing and processing customer and supplier invoices and credit notes Totalling and balancing a 3-column analysed cash book Totalling, balancing and reconciling petty cash records within an analysed petty cash book Processing ledger transactions and extracting a trial balance
Control accounts, journals and the banking system: Understanding the purpose and use of control accounts and journals Maintaining and using control accounts and the journal Reconciling a bank statement with the cash book Understanding the banking process and main services of banks and building societies Understanding requirements of retention and storage relating to banking documents
Students should have completed the Level 1 Award in Book Keeping or an equivalent qualification or have sufficient relevant experience to progress directly to Level 2.
Students should have a basic ability in numeracy and be methodical and accurate in their work.
AAT Level 2 Certificate in Bookkeeping
There is a formal external exams held in the College at the end of the unit. However, prior to this, mock exams and homework will be organised to prepare candidates for the final exam.
Lecturers will set exercises to be completed at home and reviewed the following week. Students may wish to undertake self-study outside of classroom hours. Approximately 3 hours a week of non class work is recommended.
Students do not need to be in relevant work to undertake this course although it does help some knowledge of book keeping in a work situation would be an advantage.
Students may wish to continue their study in accounting by studying AAT L2, or undertaking some further study in computerised accounts. You may also use this qualification to gain related employment in an introductory accounts role or work as a self employed book keeper.
Fees and Additional Costs
In addition to the tuition fee, students will need to pay a one-off examination fee at enrolment. Students are encouraged to buy their own copy of the book used by the lecturer. Learners will also need to register with AAT. This will be discussed at the first lesson.