For your AAT Level 2 you will learn:
1. Basic costing: -Understanding an organisation’s cost recording system and using it to record or extract data -Use of spreadsheets to convey information on actual and budgeted income and expenditure.
2. Computerised accounting: -Entering data at the start of an accounting period to set up customer and supplier accounts -Recording and processing customer and supplier transactions -Recording and reconciling bank and cash transactions -Processing and using journals to enter accounting transactions Production of reports (day books, account activity, aged analysis, statements or remittance advice).
3. Work effectively in accounting and finance: -Understanding an organisation’s accounting or payroll function -Using numeracy and literacy communication skills -Working independently or in a team to prioritise tasks and manage colleagues’ responsibilities -Understanding ethical values, principles and importance of confidentiality -Understanding and explaining benefits to organisations of sustainable values.
4. 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.
5. 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.