AAT (Association of Accounting Technicians) Level 2 is the introductory level of the AAT qualification. It is designed to provide a solid foundation in accounting principles and practices. Here are some key points about AAT Level 2:
Purpose
AAT Level 2 is aimed at individuals who are new to accounting or have limited experience in the field. It is suitable for those looking to start a career in accounting or enhance their existing knowledge.
Content
The Level 2 qualification covers various fundamental accounting topics, including bookkeeping transactions, bookkeeping controls, elements of costing, and work effectively in finance.
Units
AAT Level 2 consists of five units, which are as follows:
a. Bookkeeping Transactions: Covers double-entry bookkeeping, financial documents, and banking procedures.
AAT Level 2 consists of five units, which are as follows:
Bookkeeping Transactions
Covers double-entry bookkeeping, financial documents, and banking procedures.
b. Bookkeeping Controls
Focuses on cash control and reconciliation, control accounts, and journals.
c. Elements of Costing: Introduces basic costing principles, such as costs and revenues, cost recording systems, and cost classification.
Using Accounting Software
Provides an understanding of accounting software and its practical applications.
Work Effectively in Finance
Covers key skills required in a finance role, including communication, teamwork, and ethical considerations.
- Assessments
The assessments for AAT Level 2 typically consist of computer-based exams and practical assessments. The exams assess your knowledge and understanding of the topics covered, while practical assessments test your skills in using accounting software and performing accounting tasks. - Progression
Upon successful completion of AAT Level 2, you can progress to AAT Level 3, which builds upon the concepts learned in Level 2 and covers advanced topics in accounting. AAT Level 3 is considered the intermediate level of the AAT qualification.
It’s worth noting that the information provided here is based on the knowledge available up until September 2021. It’s always a good idea to visit the official AAT website or consult the latest AAT materials for the most up-to-date and accurate information regarding the AAT Level 2 qualification.
