Level 2 Certificate in Accounting (Level 5 in Scotland)

 At Level 2* you’ll get to know finance administration, including double-entry bookkeeping, basic costing principles and purchase, sales and general ledgers.

• Perfect if: You’re new to finance or looking to brush up your foundation knowledge and skills

Approximately equivalent to: GCSE grades A – C, Standard Grades and Intermediate 2s

What’s covered and is it for me?

A range of basic accounting practices and techniques, from costing and double-entry bookkeeping to computerised accounting.

Perfect if: you’re new to finance or you’re looking to brush up on your foundation knowledge and skills.

What’s on the learning agenda?

Basic accounting 1

• Principles and procedures related to processing business transactions, financial documents and payments for customers and suppliers.
• Developing skills in processing ledger transactions and preparing an initial trial balance.

Basic accounting 2

• Maintenance and reconciliation of a cash book by accurately entering receipts and payments, balancing off the book and reconciling with bank statements.
• Knowledge and understanding of the UK banking system and related organisational activities.
• Petty cash transactions and the importance of the Journal as a primary accounting record.
• Maintaining control over debtors and creditors, aided by preparation and use of debtor and creditor control accounts.
• Non-standard bookkeeping transactions and double-entry bookkeeping records.

Working effectively in accounting and finance

• Developing transferable skills and effective working in an accounting environment.
• Teamwork skills and the ability to work independently.
• Demonstrating workplace-ready standards of literacy and numeracy.

Basic costing

• Cost recording systems within an organisation and how best to respond to requests for information relating to costs and expenditure.
• Recording and extracting information, and using a costing system to provide information for management.

Computerised accounting

• Selecting and using computerised accounting or bookkeeping software to input and process data for orders, invoices, receipts and payments.
• Preparing management and period-end reports.

Additional learning and assessment area for Level 2 apprenticeship students only:

Professional ethics in accounting and finance

• Importance of ethical duties and how to work within the code to ensure that the public can gain confidence in accounting practices or functions.
• Protecting your and your organisation’s professional reputation and integrity.

Assessment

Module	Assessment
Basic Accounting I (BAI)	CBA
Basic Accounting II (BAII)	CBA
Basic Costing (BCCG)	CBA
Computerised Accounting (CMPA)	CBP or WBE
Work Effectively in Accounting and Finance (WEAF)	P or WBE

CBA - Computer Based Assessment
CBP - Computer Based Project
WBE - Work Based Evidence
P -Project

Many of the learning areas are assessed by way of a computer based test. These are marked automatically and a provisional result is available immediately.

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