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AAT Level 2 - Principles of Costing

Course code: P01023

Subject area: Accounting and Finance

Study level: Part Time

Course level:

Course details

Course time:

17:00 - 21:00

Days of week:

Monday

Course date:

21st Sept 2026 - 9th Nov 2026

Course location:

Abingdon Campus

Contact details

Email:

enquiries@abingdon-witney.ac.uk

Phone:

01235 555 585

Apply for this course
Unlock your future in accounting with our new modular AAT courses. Take control of your learning with our brand new modular AAT programme; designed to fit around real life, real careers, and real ambitions. Perfect if you want to upskill in a specific topic or if you just want to test the waters before committing to the full qualification.
Whether you're looking to upskill, retrain, or take your first step into the world of finance, our flexible modular approach lets you build your qualification your way. Study one module at a time, focus on the skills you need right now, and progress at a pace that works for you.
• Flexible: Choose modules that match your goals and schedule, without committing to the full qualification upfront.
• Immediate: Each module delivers targeted knowledge you can apply straight away in the workplace.
• Progress: Studying in smaller, manageable blocks makes learning more achievable.
Whether you’re juggling work, caring responsibilities, or planning your next career move, modular study adapts to your lifestyle, not the other way around.
Complete each module at your own pace and move seamlessly toward the full AAT certification when you're ready.
Course units
Understanding the cost recording system within an organisation
Classifying costs (by element, nature, behaviour, and function)
Distinguishing between product costs and period costs
Using costing techniques (materials, labour, and overhead costing)
Inventory valuation methods (FIFO, AVCO, LIFO)
Calculating labour costs and overhead absorption
Understanding cost behaviour (fixed, variable, semi‑variable, stepped)
Producing total and unit cost calculations
Providing information on actual vs budgeted costs and income
Using tools and techniques to support cost calculations (e.g., coding systems, manufacturing accounts)
What next?
More level 2 modules or if you have completed all mandatory level 2 modules, progress onto the level 3 suite.
Entry criteria
Level 2 Students will need a willingness to study accounting and finance in relation to workplace activities. Previous knowledge of accounting would be an advantage, but it is not essential.
There are no prerequisites for study however, for the best chance of success, we recommend that students begin their studies with a good standard of English and maths.
Fee information
Textbooks are required to support students’ study within each unit. The cost of each book is approximately £30 which is paid directly to the supplier by the student. Information on this is given at the time of enrolment.

AAT registration is required to be paid after enrolment to enable students to sit the examinations and access AAT resources. This is a one off fee for access to the L2 qualification, typically four to five years priced at £172 The exam fees for a first sitting are included in the tuition fee. However, resits will incur an additional cost.

As part of your course we may organise trips to assist you with your learning. Trips are optional, and you will not be penalised if you choose not to participate.

There are bursaries available to help you with other course costs. Call 01235 216 212 for more information.

The rules on fee reduction are complicated and we would encourage you to talk to our Admissions staff on 01235 216 400 to discuss your options. You can find more information on our Fees and Bursaries page - search "Fees and Bursaries" at the top of the page.

19+ Fee:

£280.00

Qualifications received
You will receive an AAT result for this unit, but not a qualification certificate unless you complete all mandatory units for that level.

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