Accounting and Finance Level 2

The Accounting and Finance course programme will offer students the opportunity to gain valuable skills to enter the work place in a business, accounting or finance environment, while achieving a nationally recognised qualification that could ultimately lead to the full level 2 AAT Accounting qualification, AAT membership and level 3 LiBF Financial Studies certificate. The programme is suitable for students who are looking to develop both their accounting and finance skills and is particularly suitable for younger learners focused on pursue a career in the financial world.

This programme is based at our Colchester campus and delivered over three-four days using classroom-based teaching and industry case studies and activities. It will include visits to appropriate institutions e.g. The Bank of England and guest speakers from a financial and business background.

Work experience and developing your English and maths skills is an integral and mandatory part of the course.

Please note: Students will be required to become student members of the AAT and this needs to be paid at the beginning of the year.  For further information on student fees, membership criteria and to undertake the AAT skills check, please visit www.aat.org.uk

Learners who have any criminal or civil convictions, have been subject to a Debt Relief Order, County Court Judgements or have entered into an arrangement with their creditors should contact the AAT to discuss their membership application.

Course Info
Do I have to pay a fee?
How to make an Application
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Welcome to Accounting
Course Content

The AAT Level 2 Certificate in Accounting course consists of the following units:

  • Introduction to Bookkeeping
  • Principles of Bookkeeping Controls
  • Principles of Costing
  • The Business Environment (synoptic)

It is vital that students aiming for accreditation of the AAT Accounting Certificate Level 2 and eventual AAT membership attend all lectures.

Pass mark is 70%, graded pass, merit, distinction.

In addition, you will also complete:

The LIBF Level 3 Certificate in Financial Studies which consists of the following units:

  • Unit 1 Financial Capability for the Immediate and short term
  • Unit 2 Financial Capability for the medium and long term

Pass mark is 40%, graded A*-C (equivalent to 0.5 A level)

Assessment is achieved by external based exams (8 exams in total)

Entry Requirements
  • 4 GCSEs (9-4), including English and Maths
  • An interview
Career Opportunities

On completion of the qualification, students can work in many roles including:  Accounts Assistant, Accounts Payable and Expenses Supervisor, Accounts Payable Clerk, Assistant Accountant, Audit Trainee, Bookkeeper, Corporate Recovery Analyst, Credit Controller, Finance Assistant, Insolvency Executive, Payroll Administrator, Payroll Supervisor, Practice Bookkeeper and Payroll and Tax Assistant.

Course Progression

Successful students will be able to progress onto an Apprenticeship or a Full-time programme in order to further their knowledge and skills.

All students aged 16-18 on the first day of their course will have their course fully-funded by the government.

Costs of studying

If you are/will be aged 16, 17 or 18 on the 31st August in the calendar year when you begin a programme of study, you DO NOT pay tuition fees, College registration fees or examination/board registration fees. However, there are some courses which have additional costs which could include:

  • equipment costs – such as uniforms, kits, boots, etc.
  • trips and enrichment activities
  • DBS checks (formerly CRB checks)

For students with an identified low household income, there may be financial support available. Bursary awards can help with your course related costs such as travel, books and equipment and much more.

Aged 19+ - Fees and Funding

If you are aged 19 and over, in certain circumstances you may be eligible for a fee waiver and therefore you will not have to pay for this course. 

Eligibility for a fee waiver will depend your age at the start of the course, your previous qualifications, your employment status and whether you claim certain benefits.

If you do not meet the criteria for a fee waiver, you may be eligible for some assistance from the College’s Bursary Funds, depending on the household financial circumstances.

If you do not meet the criteria for a fee waiver, and are not eligible for assistance from the Bursary Fund, you will have to pay for this course.

Published course fees for this course are located further down this course information page.

Aged 19+ - Do I have to pay a fee?

The information in this section applies to this course, and may not apply to other courses with different funding criteria.

You will not pay tuition fees if you are:
aged 19-24 at the 31st August 2022 and have an active Education, Health and Care Plan
aged 19-23 and have not achieved a level 2 qualification in any other subject (or 5 GCSEs grades 9-4)
over 19 at the start of the course, unemployed and in receipt of benefits
over 19 at the start of the course, employed and have a gross annual salary under £18,525 per annum
If you are aged 19-23 and have previously achieved a Level 2 qualification, if you do not meet the low income or unemployment criteria you will not be eligible for a fee waiver
You will not meet the low income or unemployment criteria if you:
are aged over 19 at the start of the course, unemployed and are not in receipt of benefits
are aged over 19 at the start of the course, employed and have a gross annual salary over £18,525 per annum
Therefore you will pay tuition fees

In certain circumstances, the College’s discretionary bursary fund maybe able to assist with a contribution towards tuition fees. Eligibility to the fund depends on the household’s financial circumstances.  Further information regarding the discretionary bursary fund can be found further down this page.

Am I eligible for a bursary?

Applicants thinking of enrolling on this course can apply for funding to help with the costs associated with attending college.  Bursary funds are targeted at students where there is an identified low household income.

The bursary fund cannot provide help with costs unrelated to your course, such as general living expenses, nor can it be used as an attendance incentive.

Applications to the fund are not normally considered if the household income exceeds £25,000 but may be considered in some instances if the household is experiencing severe financial hardship.

The 16-19 Bursary Fund is aimed at helping:
Students who are aged 16, 17 or 18 on the 31st August 2022
Students aged 19 who started a two-year programme before their 19th birthday
Students aged 19 or over on 31st August 2022 who have an Education, Health and Care Plan (EHCP)

If you do not meet the above criteria then you are likely to be eligible for support through the 19+ Bursary Fund

Funds are targeted at course related costs such as travel, childcare, books and equipment.

Regardless of income or employment status, students self-funding (including where an employer is covering course fees), are not eligible for financial assistance through any discretionary bursary funds.

When can I apply?

Bursary Fund applications for courses starting in the 2022/23 academic year will be open from June 1st 2022.

For courses starting in September 2022, applications should be made by 1st November 2022. If you find yourself in financial hardship after this date it is important that you still contact Student Services. Applications received after 1st November will be considered on a pro-rata basis subject to need and the availability of funds.

Payment Options

Can I pay in instalments?

Where total course fees exceed £200 you (or your employer, if they are paying your course fees) can choose to pay your fees in instalments through a monthly payment plan.

40% of the fee or £500 (whichever is lower) will be payable at enrolment.

The balance must be paid within 6 months or by the end date if the course is less than 6 months in duration.

Payment in full in advance

Payment should be made in full at the time of enrolment. Acceptable payment methods include Debit Card and Credit Card (excluding American Express). Please note that we are no longer able to accept cash or cheque payments.

How to make an Application – Watch our video guide!

Applications for September 2023 open now!

The application window for full-time courses and joint apprenticeship applications opened on Monday 3rd October at 12pm.

Before submitting your online application, make sure you have got an email address which you will check frequently and which is professional and appropriate for this purpose, and use this when you create your account. Submit the application as early as possible and remember to make a note of your USERNAME and PASSWORD details! You will need these later.

We have prepared a step-by-step video guide below – please view this video which will guide you through the application process.

Application Do's and Don'ts

Application Tips

If you have chosen the study programme you would like to apply for then you are almost there. We recommend that you read our handy application tips, watch our video and then make your application.

You can only apply for one full-time programme and one apprenticeship. You can do this together within the same application form, in what is known as a joint application.

Remember, you cannot study more than one core subject.  For example, you would not be able to study two full-time programmes in different subjects simultaneously. You would take Plumbing or Music, not Plumbing and Music.

Your subject will be your primary qualification and forms the bulk of your programme of study.

Application Dos

  • Apply as early as possible. We want to make sure you have the best chance of securing a place with us. All full-time applications received by the 31st of January 2023 will be guaranteed a place at Colchester Institute, subject to you satisfying the published entry requirements. We still accept applications after this date but may not be able to guarantee you a place on your chosen programme.
  • Think carefully about your course choice before you apply. Talk to your head of year or careers adviser at school to make sure you have explored all your options and have found a course that suits you best. You may wish to attend one of our open days to find out more before applying.
  • Make sure you attend any interviews or assessments we invite you to. These are a mandatory part of our process. They give you the opportunity to find out more about our courses, as well as allowing us to make sure you are on the most appropriate course for you. Some courses may invite you to attend a second interview or audition to demonstrate your skills and to ensure you are on the most appropriate level for you.
  • Please let us know if your contact details or address change. We will use a variety of letters, emails and texts to communicate with you throughout the process, and the information we provide is both confidential and vital to your application. If you move home or change your phone number and don’t inform us of any changes, you could miss some vital information.

Application Don’ts

  • Do not make multiple applications. If you are unsure, for example, of which construction/trade subject you would like to study, please only make an application for one of them. Likewise, if you later wish you had applied for a different course, please don’t worry – we can change your application. Whatever the reason for wanting to change, there is no need to make another application.
  • Do not use a school email address when you create your account. Remember, you will need to access this account later in the summer after you have left school.
  • Do not create another account if you have previously applied. If you have applied in previous years, please do not create a new account. If you are unsure, contact us to check which username and password to use.

Just call us on 01206 712777

Accounting and Finance Level 2
Course Outline: Bookkeeping transactions and controls, computerised accounting, costings, business communications, business law and financial capability
LevelLevel 2
LocationColchester
DurationOne Year
Study ModeFull-Time
Campus / Adult Skills CentreColchester Campus
Start DateSeptember 2023
ApplicationsApplications opened on Monday 3rd October 2022
Fee(s)16-18 year olds: Free
19+: £1,365

Other courses in this area

Disclaimer

All fees, prices and funding information shown on this page are for courses starting in the 2022-23 academic year unless stated otherwise, and are correct at the time of entering/printing information, however these may be subject to change due to factors outside of our control. The College cannot accept legal or financial liability as a result of any such changes.

Courses fees are generally not confirmed for September until June / July due to the above factors.

The course information describes programmes offered by Colchester Institute. The College takes all reasonable steps to provide courses as described, but cannot guarantee provision. The information is for guidance and does not form any part of a contract.

The College reserves the right to update and amend information as and when necessary. Colchester Institute will do its best to provide the courses shown, but may have to modify or withdraw a course depending on customer demand and other factors.