Before attempting this assignment you should have read chapters 1 and 4 of your osborne book basic costing and attempted the chapter activities in your workbook. Workbook aat accounting level 2 certificate in acco whatever position you are in, whatever stage of your life or career you have reached, bpp has the ideal way to study it. Through each qualification youll learn practical skills to prepare you for the workplace, from basic finance administration skills to preparing final accounts and complex management accounting tasks. Beyond level 3 there are two further management accounting units at level 4. A student completing this qualification will develop accountancy skills in doubleentry bookkeeping and basic costing, as well as an understanding of purchase, sales and general ledgers. Jun 12, 2012 aat level 2 control accounts, journals and the banking system duration.
Since first publication of the aat advanced diploma in accounting. Its ideal if youre new to finance or youre looking to brush up on your basic knowledge and skills. If youve found our videos helpful, we also offer comprehensive aat courses for levels 2, 3 and 4, including live revision sessions, simulated. Aat level 2 basic costing assignment 2 proprofs quiz. At this level the knowledge and skills youve developed in basic costing are built on in costs and revenues.
It delivers a solid foundation in finance administration covering areas such as double entry bookkeeping to basic costing principle and using accounting software. At this level, your knowledge in accounting will start to develop and finance administration is your focus. Aat level 2 foundation certificate in accounting is designed to provide students with a practical. Aat association of accounting technicians the association of accounting technicians aat is the uks largest qualification and membership body for vocational accountants and bookkeepers, with over 150,000 members.
Aat pass rates based on all aq2016 level 2 results between 010718 and 300619. The aat level 2 certificate in accounting foundation will give you an understanding of basic accounting principles and skills. Elements of costing aat level 2 unit resource and revision. Been a while since i did process costing but here is basic of what i can remember. Been a while since i did process costing but here is basic of what i can remember just say you had 100kgs of material into process and there was a 10% normal loss and 80kgs output to the next process.
Aat level 2 award in accounting skills to run your business. Podcast on level 2 focus on basic costing duration. Completing the course and successfully passing the exam guarantees an aat certificate which is recognized all over the world and entitles you to practice accounting and finance. Aat level 2 certificate in accounting a guide to help you. Aat level 2 elements of costing elco part 2 lsbf live revision 2018 duration. Once youve achieved level 2, your next step is to go on to level 3.
The aim of this qualification is to introduce you to basic accounting and finance skills. Aat level 4 financial statements for limited companies fslc part 2 lsbf live revision 2018 have you. Activity based costing was developed in 1970 and 1980s as an alternative ot the basic absorption costing. Accounting is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated.
Elements of costing study text qualifications and credit framework aq2016 this study text supports study for the following aat qualifications. Free accounting books download ebooks online textbooks. This aat level 2 certificate and level 3 diploma in accounting inc assessments course will introduce you to a wide range of accountancy principles, techniques and skills. Aat foundation certificate in accounting level 2 ecareers. You can find out more about aat qualification here you can apply for an aat level 2 certificate in accounting course at apply for aat please see some of the activities below, we do these in class as part of the aat qualification.
Aq2016 about aat aat works across the globe with around,000 members in more than 90 countries. Once youve completed the introductory level, youll be awarded the aat level 2. Pdf 231120 aat level 2 certificate in accounting basic costing sample 1 pdf this level will be completed by students with previous study specific to accounting. All the exams, registration with the aat and text books are included in the cost of the course but any resits will cost approx. Costing kaplan publishing british library cataloguinginpublication data. The aat level 2 certificate in accounting is the introductory level of the aat accounting qualification. This qualification is ideal for anyone who is not ready to start at the introductory level and need to gain some confidence. Aat level 2 certificate in accounting general help. Aat level 2 certificate in accounting a guide to help you succeed. Aat level 2 accounting basic costing unit and working effectively. Principles of accounting, introduction to accountancy, the accounting equation, double entry, debtors, creditors, prepayments, accruals and depreciation. This qualification will prepare you for junior and entry level accounting roles. Take the aat skillcheck test launch to find out which level you can start at. Aat level 3 level 6 in scotland current updates regarding coronavirus covid19 and the precautions aat are taking will be continually updated on the below page.
Foundation certificate in accounting level 2 prepare yourself for all entrylevel accounting roles with a qualification that provides an invaluable introduction to finance administration, including a strong foundation for further study. These pocket notes support study for the following aat qualifications. Aat level 4 financial statements for limited companies fslc part 2 lsbf live revision 2018 duration. Level 2 aat foundation diploma in accounting and business level 2 aat foundation certificate in bookkeeping level 2 aat foundation award in accounting software level 2. The aat level 2 foundation certificate in accounting is the introductory level on the aat qualification route. This package includes the final two units towards the level 2 foundation certificate in accounting. Aat level 2 foundation certificate in accounting onlineeng.
Aat level 2 elements of costing elco part 1 lsbf live. Your course materials will be delivered to you by post or. Variable costs those costs which change as the level of output or activity level changes. Aat or postgraduate taught degree in accounting i want to be a chartered accountant. If you continue browsing the site, you agree to the use of cookies on this website. Aat level 3 diploma in accounting computer based tests cbt assessed units accounts preparation prepare final accounts for sole traders and partnerships. If you are new to finance or want to brush up on your foundation knowledge and skills, this would be the ideal level for you to start. The aat syllabus consists of 17 papers and examinations in total, spread across 3 aat levels. This will prepare students and give them the basic tools for studies in overhead apportionment, reapportionment and absorption. Aat level 2 foundation certificate in accounting full time. The aat qualification is recognised and respected by employers providing students with excellent and secure career prospects for both employment and.
Youll develop your skills in finance administration. Aat foundation certificate in accounting level 2 aat foundation diploma in accounting and business level 2 aat foundation certificate in bookkeeping level 2. These awardwinning online learning resources have been written by our expert aat specialist, who has over 15 years of aat teaching experience. The aat level 2 certificate in accounting qcf is suitable for learners who are new to finance who. These aat qualifications can be studied from home, making it even easier for you to begin your accountancy career. Basic costing computerised accounting work effectively in accounting and finance. These awardwinning online learning resources have been written by our expert aat specialist, who. See all 2 formats and editions hide other formats and editions. Aat level 2 certificate in accounting basic costing sample 1 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Aat level 2 foundation certificate in accounting aq2016. Our aat courses are allinclusive, meaning you will have everything you need to study with no hidden fees. The purpose of this unit is to give students a basic introduction to costing, building a sound.
Watch the part 2 of the elements of costing elco live revision session for free here. Tutorial paperback june 1, 2011 by david cox author 4. Download the aat foundation certificate in accounting qualification. By the end of the aat level 2 course in accounting, you will be able to confidently process daily business transactions in a manual and computerised bookkeeping system. Free aat level 2 practice exam papers most popular. Level 3 aat advanced certificate in bookkeeping level 3 aat advanced diploma in accounting at scqf level 6. Take a look at our aat level 2 courses and master the basic principles of accounting. Aat level 2 basic costing assignment 1 proprofs quiz.
Pearson lcci level 2 certificate in cost accounting ase20094 reading and resource suggestions. Basic accounting 1 basic accounting 2 basic costing work effectively in accounting and finance learning support material take a look at an overview of this learning area you can go through an online version, andor download the pdf file. Oct 24, 20 podcast on level 2 focus on basic costing duration. If youve completed the aat foundation certificate in bookkeeping fcib short qualification, you will be exempt from completing the first two units of this level bookkeeping transactions and bookkeeping controls.
Luckily for aat students we start to cover this in level 2, introduction to costing, where we compare the three main types of inventory valuation, first in first out fifo, last in first out lifo and, average costing avco. Fixed costs costs that do not change when the output changes. Youll lay the groundwork for a career in accountancy, with an initial focus on finance administration. Aat level 2 certificate in accounting computer based projects cbp assessed units computerised accounting. Since first publication of the aat foundation certificate in. As a standalone qualification, or as a first step towards the intermediate and advanced levels, it will allow you to move up to further study. Download the aat advanced diploma in accounting qualification.
Aat level 2 foundation certificate in accounting online. Its fairly straightforward to visualise these valuation methods although each one has its advantages and disadvantages. Students will learn to use accounting software and to develop the professional skills and behaviours needed to contribute effectively in the workplace. Aat foundation certificate in accounting level 2 online.
Aat foundation certificate in accounting level 2 will provide you with a basic knowledge of accounting principles and skills. Title basic costing level 2 glh 60 credit value 8 unit reference number l5043971 learning outcomes. Each employee is required to produce 25 units per hour and a. Aat accounting level 2 and 3 course open study college. If you are still having problems then please do not hesitate to contact aatfree good luck. This course provides comprehensive coverage of the traditional doubleentry bookkeeping system which underpins accounting processes worldwide.
Basic costing work effectively in accounting and finance. Aat level 2 control accounts, journals and the banking system duration. The basic aat level 2 foundation certificate accounting course is a work pass for an accounting position. This accounting course is ideal for those wanting to start a career in accounting and is awarded by the association of accounting technicians aat a recognised industry provider. Acfroga6fu8ueblmvjwoeug wcfhjzrf6ktwcsel 8o9y5ljlpwic. The principle of activity based costing abc is to breakdown the overheads into their constituent elements. Topics covered include double entry bookkeeping and basic costing principles. The aat level 2 certificate in accounting qcf is suitable for learners who are new to. Pdf elements of costing tutorial aat foundation certificate in. Assessed through both unit and synoptic assessment. Aat level 2 foundation certificate in accounting eve sept.
Key areas of accounting focus include doubleentry bookkeeping, basic costing principles, and the use of. Aug 24, 2015 luckily for aat students we start to cover this in level 2, introduction to costing, where we compare the three main types of inventory valuation, first in first out fifo, last in first out lifo and, average costing avco. Aat level 1 award in accounting is designed to provide students with a very basic starting point to numeracy. Aat level 2 foundation certificate in accounting aq2016 the foundation level is where youll get to develop your skills in finance administration. Workbook aat accounting level 2 certificate in accounting by penning, aubrey isbn. Youll learn the basic principles of accountancy, such as doubleentry bookkeeping, recording day to day transactions and basic costing, as well as how to use accountancy software. Aat level 2 foundation certificate in accounting time. Their qualifications represent some of the highest standards available to accountants, ensuring you receive both professionalism and expert knowledge in accounting principles. This course provides comprehensive coverage of the traditional doubleentry bookkeeping system. All these roles help accountants keep financial records and prepare accounts. The aat level 2 certificate will provide you with a broad yet detailed introduction to the world of accountancy, including modules covering how to work with both manual and computerised accounting systems, the process of doubleentry bookkeeping, standard costing procedures and how to effectively work within.
Aat level 2 intermediate accounting is a highly skilled profession offering many different roles such as accounts assistants, credit control clerks, accounts clerks and finance assistants to name a few. Everyday low prices and free delivery on eligible orders. Before attempting this assignment you should have read chapters 1 and 2 of your osborne book basic costing and attempted the chapter activities in your workbook. Download free aat past exam papers level 2 level 2 basic costing enrol on our full online course at uk. Aat foundation certificate in accounting level 2 eagle. Codes for the level 2, 3 and 4 qualifications offered in england can be found on. Aat level 2 certificate in accounting general help the. This level covers a range of basic accounting practices and techniques from costing.
Foundation certificate in accounting level 2 prepare yourself for all entry level accounting roles with a qualification that provides an invaluable introduction to finance administration, including a strong foundation for further study. This qualification will usually take around one year to complete if studying full time. Our aat courses are allinclusive, meaning you will have everything you need to. This is the lowest level inventory should fall to before the new order from the supplier is delivered. Before attempting this assignment you should have read chapters 1 and 2 of your osborne book basic costing and attempted the chapter. Studying the aat level 2 foundation qualification will equip you with a range of basic accounting. Activity based costing abc yes you are right, it didnt come across since last few years but it could be asked tomorrow. Pearson lcci level 2 certificate in cost accounting ase20094. Aats accounting qualification revised 20 sqas hnchnd accounting. In scotland, aat certificate in accounting at scqf level 5. Although none of the other learning areas at level 2 are directly. Nov 23, 20 aat level 2 certificate in accounting basic costing sample 1 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Level 2 elements of costing aat level 2 unit resource and revision guide would any of your employees benefit from completing an accounting and finance course.
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