This foundation level is where you’ll get to improve your skills in finance management: double-entry bookkeeping, sales, general ledgers and basic costing principles and purchase.
Once you’ve accomplished the foundation level, you’ll be awarded the AAT Level 2 Certificate in accounting.AAT level 2 is the entry-level into the AAT qualification.
Level 2 is the most significant level of them all because this will clarify the basics of accounting and lay the basis for you to be able to do well in the later ranks of the qualification. Without level 2, without knowing the basics, you will struggle with the following standards as you need the knowledge from level 2 to be capable of building on it. Lay the foundation for your career in accounting. You’ll get to holds with five units of vital accountancy basics like bookkeeping and accounting software.
Learning Outcomes:
1. Process supplier transactions
2. Understand financial transactions within an accounting system
3. Process transactions over the ledgers to the trial balance
4. Process customer dealings
5. Process receipts & payments
Who Is It For?
Accounting beginners are looking to acquire the basics. You don’t need any prior experience working in accounts to study AAT. There are no entry requirements, IT and English skills, and a readiness to learn.
If you’ve able the AAT Certificate in bookkeeping short qualification, you will be certified from finishing the first two modules of this level Bookkeeping Transactions and Accounting Controls. If you have a university degree in accounting or related, we recommend that you move straight onto ACCA, CIMA, or ACA.
What Qualification Will I Get?
AAT Foundation Certification in Accounting at Level 2
How Long Will It Take?
One year of tutor time, flexible time
Syllabus: AAT Level 2 Certification In Accounting
The AAT Level Foundation Certificate in accounting course is a globally recognised qualification that is based on practical, real-world accounting/bookkeeping and computerised bookkeeping knowledge you can put to use from day one. The AAT is known and respected by employers providing students with excellent and confident career prospects for both employment and self-employment in the accounting field.
You do not require any prior qualifications or work experience to start this AAT Level 2 training course. On completion of this, you will be prepared to work in any area of finance and enjoy various and challenging role.
Here are five mandatory units at the introductory level:
Bookkeeping Transactions
• Understand the principles of processing financial transactions.
• Maintain the cash-book.
• Prepare and process financial documentation for customers.
• Maintain petty cash records.
• Understand the double-entry bookkeeping system.
• Understand discounts.
• Process seller invoices and credit notes and calculate payments.
• Process ledger transactions & mine a trial balance.
Bookkeeping Controls
• Maintain and use the journal.
• Comprehend the purpose and use of control accounts & periodicals.
• Uphold and use control accounts.
• Understand the banking process.
• Resolve a bank statement with the cash book.
• Understand retaining and storage requirements concerning banking documents.
Elements of Costing
• Be capable of using the cost recording system to record data.
• Know the cost record system within an organisation.
• Be able to use worksheets to provide information on real and budgeted income and spending.
Work Effectively in Finance
• Understand sustainable values.
• Know the bookkeeping or payroll function within an organisation.
• Work effectively or as part of a team.
• Be able to use a variety of communication skills.
• Understand ethical values and principles.
• Improve skills and knowledge to meet individual and organisational needs.
Using Accounting Software
• Accounting records.
• Perform a bank reconciliation.
• Enter accounting transactions.
• Produce a range of reports.
• Correct errors.
• Uphold the security of bookkeeping information using passwords and backup schedules.
Final Synoptic Assessment
This assessment is a computer-based valuation that is partially computer marked and partly human marked. The assessment will test your understanding of the mandatory units and also set in the work efficiently in the finance unit. This will improve the professional skills and behaviours desired in the workplace. Students will be projected to show the right level of English & grammar in their written answers.
How Is The Course Assessed?
All assessments in training will be computer-based assessments -CBAs. CBAs are an excellent method of valuation that directly reflect the hands-on tasks that you presently perform or will be performing in the workplace. CBAs offer you better flexibility as you can take these assessments as and when you are ready and with the agreement of your instructor.
Progression
An AAT Level 2 certification qualification gives you the chance to move on to study the AAT Level 3 Advanced Diploma in bookkeeping qualification which is then tracked by the AAT Level 4 Advanced Diploma.
Career Path
You will be qualified for the following roles after the qualification: Tax Assistant, Accounts Administrator, and Trainee Accounts Technician. Here are just a few posts that you could consider upon completion of this study.
• Accounts Administrator
• Accounts Payable Clerk
• Accounts Assistant
• Bookkeeper
• Tax Assistant/Trainee
• Purchase/Sales Ledger Clerk
• Trainee Accounts Technician
AAT level 2 Certification Salary Range:
We can see strong evidence of an increase in salary as AAT associatesprogress through the different levels of their membership journey. Professional’s salaries are up 6%, affiliate salaries are up 7% and MAAT and FMAAT salaries are up 8% compared to 2017.
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