AAT Level 2 Single Unit - Principles of Costing

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)

More level 2 modules or if you have completed all mandatory level 2 modules, progress onto the level 3 suite.

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.

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.

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