Accounting & Financial Services

The Level 2 Diploma in Accounting and Business is made up of ten mandatory units.

1. Processing bookkeeping transactions:
• Understanding double-entry bookkeeping, books of prime entry and describing coding system functions
• Preparing and processing customer and supplier invoices and credit notes

2. Control accounts, journals and the banking system:
• Understanding the purpose and use of control accounts and journals
• Maintaining control accounts and the journal

3. Basic costing:
• Understanding an organisation’s cost recording system
• Using spreadsheets to convey information on actual and budgeted income and expenditure

4. Work effectively in accounting and finance:
• Understanding an organisation’s accounting or payroll function
• Understanding ethical values, principles and importance of confidentiality

5. 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

6. Applied business communications and personal skills:
•Understanding how to communicate in the business environment
•Applying effective communication and personal skills in the business environment

7. Spreadsheet software:
• Entering, editing and organising numerical and other data
• Selecting and using appropriate formulas and data analysis tools to meet requirements

8. Developing study skills:
• Understanding how to develop personal learning skills
• Planning, managing and producing work

9. Introduction to payroll systems:
• Using the recognised procedures for payroll systems
• Knowing how to ascertain gross pay and calculate net pay

10. Computerised payroll skills
• Processing information on starters, leavers and changes to current employees
• Processing payroll accurately on a pay period basis
The qualification is assessed by a mixture of computer based tests and projects.

In addition, to these formal assessments, you will complete a variety of progress assessments both in class and using the Virtual Learning Environment

All full time students at Oldham College will have at least one week’s work experience placement.

The work experience programme will allow you to gain valuable experience and skills to enhance your CV and UCAS statement.

This qualification offers a progression route to the AAT Diploma in Accounting Level 3 which gives 160 UCAS points.

In addition, more than 30 UK universities and higher education institutes offer exemptions to AAT qualified students enrolling on accounting and finance-related degrees.