LEVEL 2 AAT  CERTIFICATE IN ACCOUNTING

Modules and key concepts

Bookkeeping Transactions

The accounting system: ledgers and double entry

Accounting for purchasing, purchasing returns, sales, sales returns.

Processing payments for customers and suppliers

The cash book and petty cash book

The Initial Trial Balance

Bookkeeping Controls

Payment method and banking

Bank reconciliation

Using the journal

Using control accounts

The trail balance and correction of errors

Elements of Costing

The costing system

Cost centres and overhead absorption

Cost behaviour 

Inventory valuation

Labour costs

Budgets and variances

The Synoptic Exam

Help and practice questions for your exam