Accounting Level 2

The Accounting and Business Foundation Level 2 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 and Business Qualification and AAT membership. The programme is suitable for a wide range of students who are looking to develop both their accounting and business skills and is particularly suitable for younger learners who wish to pursue a career in the financial world.

The programme will be based at the 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

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.

***Applications for full-time courses to start in September 2022 are open now!***

We want to make sure you have the best chance of securing a place with us. All full-time applications received by 31st of January 2022 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.

Application for this course are made by the ‘Apply Online’ buttons located in the menu further down the page.

If you are looking to start, or are a parent/guardian of a learner looking to start in September 2022, then bookings for our popular January Open Events are also open.

January Open Events

Welcome to Accounting
Course Content

The Accounting and Business Foundation Diploma course consists of the following units:

  • Bookkeeping Transactions
  • Bookkeeping Controls
  • Elements of Costing
  • Working effectively in Accounting and Finance
  • Using Accounting Software
  • Business Communications and Personal Skills
  • Developing lifelong learning skills
  • Introduction to Payroll Systems
  • Introduction to Business and Company Law

Assessment is achieved by external computer based exams (8 exams)

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.

How to make an Application – Watch our video guide!

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

Accounting Level 2
Course Outline: Basic Bookkeeping transactions and controls, SAGE accounting, costings, payroll, business communications, company law
LevelLevel 2
DurationOne Year
Study ModeFull-Time
CampusColchester Campus
Start DateSeptember 2022 - Applications open on 1st October 2021
Fee(s)16-18 year olds: Free
19+: £1,365


All Fees and prices shown on this page are for courses starting in the 2021-22 academic year unless stated otherwise, and are correct at the time of entering/printing information, however these may be subject to change. The College cannot accept legal or financial liability as a result of any such changes.

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.