AAT Level 2 Certificate in Accounting - Qatar

Principles of Bookkeeping Controls Course Outline

GLH: 50

Module 1: Use Control Accounts

• Produce Control Accounts
  • Purpose of the Receivables and Payables Ledger Control Accounts
  • Purpose of the VAT Control Account
  • Prepare Control Accounts
  • Total and Balance Control Accounts
• Reconcile Control Accounts
  • Reasons for Reconciling the Receivables and Payables Ledger Control Accounts
  • Total the Balances of the Individual Receivables and Payables Ledger Accounts
  • Identify Discrepancies Between the Receivables and Payables Ledger
  • Reconcile Control Accounts
  • Identify Reasons for Discrepancies Between the Receivables and Payables Ledger

Module 2: Reconcile A Bank Statement with the Cash Book

• Payment Methods
  • Different Payment Methods
  • Different Payment Methods Affect the Bank Balance in Different Ways
• Use the Bank Statement to Update the Cash Book
  • Reasons for Reconciling the Bank Statement with the Cash Book
  • Items That Can Cause Differences Between Bank Statements and the Cash Book
  • Update the Cash Book Using the Bank Statement
  • Total and Balance the Cash Book
• Complete Bank Reconciliation Statements
  • Complete Bank Reconciliation Statements Using

Module 3: Use the Journal

• Produce Journal Entries to Record Bookkeeping Transactions
  • Purpose of the Journal as a Book of Prime Entry
  • How the Journal Is Used to Record
  • Process Journal Entries to the General Ledger Accounts
  • Record Opening Entries
  • Record Entries to Write off Irrecoverable Debts
  • Record Entries for Payroll Transactions
• Produce Journal Entries to Correct Errors not Disclosed by The Trial Balance
  • Difference Between Errors Disclosed and not Disclosed by the Trial Balance
  • Types of Errors not Disclosed By the Trial Balance
  • Correct Errors Using the Journal
• Produce Journal Entries to Correct Errors Disclosed by the Trial Balance
  • Purpose of a Suspense Account
  • Open a Suspense Account
  • Correct Errors and Clear the Suspense Account Using the Journal

Module 4: Produce Trial Balances

• Extract an Initial Trial Balance
  • How to Use the General Ledger to Extract Balances
  • Column to Use in the Trial Balance
  • Transfer Balances to The Initial Trial Balance
  • Total and Balance the Initial Trial Balance
• Redraft the Trial Balance Following Adjustments
  • Recalculate the Balance of a General Ledger Account
  • Complete a Trial Balance from Adjusted and Unadjusted Balances
  • Balance the Adjusted Trial Balance: Total Debit and Credit Columns

Principles of Costing Course Outline

GLH: 50

Module 1: Understand the Cost Recording System Within an Organisation

• Collection and Classification of Costs in Different Types of Organisations
  • How Costs are Collected in Different Organisations
  • How Elements of Cost are Classified
  • How Costs are Classified by Nature
  • How Costs are Classified by Behaviour
  • Difference Between Product Costs and Period Costs
• Costing Techniques Used in Organisations
  • How Product Cost Is Determined
  • Inventory Valuation Methods
  • Labour Costing Method
  • Overhead Absorption Methods
• Relationships Between Costing and Financial Accounting Systems Within Organisations
  • Costing and Financial Accounting Systems Within an Organisation
  • How Each System Uses Costs
• Sources of Information on Income and Expenditure
  • How Historic Cost Is Used for Accounting and Cost Reporting
  • How Costing Systems Use Actual or Budgeted Costs to Determine Unit/Job/Batch Costs
  • How Budgeted and Actual Costs Are Useful for Planning and Control Purposes
• Differences Between Cost, Profit and Investment Centres
  • Differences Between Cost, Revenue, Profit and Investment Centres
  • Use of Different Centres In Different Organisations
• Classification and Recording of Labour And Overheads
  • How Costs Are Classified by Element, Nature, Behaviour And Function
  • How Costs Are Coded Using Numeric, Alphabetic and Alphanumeric Coding Systems
  • Different Costs Included in A Manufacturing Account
  • How A Manufacturing Account Is Constructed

Module 2: Use Cost Recording Techniques

• Calculate Cost of Inventory Issues and Inventory Valuations
  • Costs issues of Inventory for Management Accounting Purposes Using FIFO, AVCO and LIFO
  • Calculate Closing Values of Inventory Using FIFO, AVCO and LIFO
  • Analyse And Report on Inventory Control Policy Compliance Including Buffer Stocks and Reorder Quantities and Timings
• Calculate Labour Payments
  • Calculate Labour Payments
• Calculate Overhead Absorption Rates
  • Calculate Overhead Absorption Rates to Arrive at Unit Cost
• Use Cost Behaviour To Calculate Total and Unit Costs
  • Understand That Variable Costs Per Unit Remain the Same at Different Levels of Output but Fixed Costs Per Unit Will Change
  • Total Cost Per Unit Will Also Change as It May Be Made Up of Fixed, Variable, Semi-Variable and Stepped Costs
  • Calculate Total and Unit Costs at Different Levels of Output
  • Recognise Changes in Different Costs as Output Levels Change
• Calculate the Costs of a Product
  • How Direct Cost is a Component of Product Cost
  • Different Treatment of Product Costs and Period Costs
  • Components
  • Calculate Product Costs
  • Calculate Costs of Products in Manufacturing Organisations:
  • Calculate Costs of Products in Service Organisations

Module 3: Provide Information on Actual and Budgeted Costs and Income

• Actual and Budgeted Costs and Income
  • How Budgets Are Used for Short-Term Planning and Control
  • Different Types of Budget
  • How to Determine if a Variable Is Adverse or Favourable for Budgeted Costs and Income
  • Prepare Budgets for Single Product Organisations
  • Calculate Variances Between Actual and Budgeted Costs and Income
  • Calculate Variances as a Percentage of Budgeted Costs and Income
• Exception Reporting to Identify Significant Variances
  • Identify Significant Variances According to an Organisation's Policy
  • Analyse and Report on the Potential Causes of Variances
  • Analyse and Report on the Potential Effects of Variances
  • Report Variance Analysis to Relevant Manager

Module 4: Use Tools and Techniques to Support Cost Calculations

• Enter and Format Data
• Enter Data into Specified Cells
• Format Cells
• Format Numbers
• Copy and Paste Cells
• Insert Rows and Columns
• Use Formulas to Support Cost Calculations
• Use Basic Formulas

The Business Environment Course Outline

GLH: 90

Module 1: Understand the Principles of Contract Law

• Different Classifications of Law
  • Principles
• Main Sources of Law
  • Development of Law by the Courts, Tribunals and Parliament
• Key Features of Contracts
  • Meaning of Invitation to Treat, Offer and Termination
  • Meaning and Consequences of Acceptance
  • Meaning of and the Need for Consideration
  • Capacity and Legality (Valid, Void, Voidable Contracts)
  • Meaning of Discharge of Contract
• Remedies Available for Breach of Contract
  • Consequences of Being in Breach of Contract Through

Module 2: Understand the External Business Environment

• Economic Environment
  • Micro-Economic Environment
  • The Profit Motive of Business
  • Businesses Face Uncertainty and Risk
  • Businesses Operate in a Global Business Environment
• Government Control of the Economy
  • How Government Controls the Economy
  • Key Principles of an Effective Tax System
  • How Government Raises Finances Through the Tax System?
  • Impact of Government on Interest Rates, Levels of Employment and Consumer Spending
• Competitive Environment
  • How the Competitive Global Market May Affect A Business
  • How Changes in Exchange Rates May Change Business Costs
  • Uncertainty and Risks Faced by Business in the Global Market
  • Benefits and Disadvantages to a Business of Trading Internationally

Module 3: Understand Key Principles of Corporate Social Responsibility (CSR), Ethics and Sustainable

• Corporate Social Responsibilities of a Business
  • Objective of CSR
  • Involvement of Internal and External Stakeholders
  • How CSR Responsibilities change Over Time
• Sustainability and the Environment
  • Responsibility of Business with Respect to Sustainability
  • Principles of Triple Bottom Line Reporting
  • There May Be a Trade-Off Between Sustainability and Profit
  • How Businesses Respond to Changes in the Environment?
• Fundamental Principles of Ethics for Accounting Technicians
• Need to Act Ethically

Module 4: Understand the Impact of Setting Up Different Types of Business Entities

• Models of Business Ownership
  • Entity Concept
  • Different Legal Structures That Businesses Adopt:
  • Ownership of a Business Can Be Separate from the Management and Control of The Business
  • Types of Tax Applicable
  • Concept of Limited Liability and Its Effect
  • Key Features of Each Legal Structure
• The Legal Administration of a Business
  • Sole Traders and Limited Companies
• Business Formation
  • How are Sole Traders, Partnerships (Including LLPs), and Limited Companies?
  • Benefits and Limitations of Using ‘Off the Shelf’ Companies
  • Why Some Companies May Use Pre-Incorporation Contracts
  • Implications of Business Name

Module 5: Understand the Finance Function Within an Organisation

• Different Functions of a Business
  • The Role of the Finance Function
  • Role of the Finance Function
  • Relationship and Interaction Between Finance and Other Functions of a Business
  • How Processes Within the Finance Function May Be Outsourced?
• How the Finance Team Contributes to The Success of an Organization

Module 6: Produce Work in Appropriate Formats and Communicate Effectively

• Sources of Information
  • Difference Between Valid and Invalid Sources of Information
  • Difference Between Primary and Secondary Sources
  • Benefits of Obtaining Information from More Than One Source
  • Importance of Recognising Sources When Producing Information
  • Choose Information for a Specific Purpose
• Communicate Information
  • Importance of Effective Notetaking and Documenting Key Pieces of Information
  • Features of Business Communications
  • Influence and Impact of Inappropriate Social Media Postings
  • Consequences of Inappropriate Information Sharing
  • Produce Written Communication Using Acceptable Business Language
  • Recognise the Impact and Consequences
• Plan Workload to Meet the Needs of the Organization

Module 7: Understand the Importance of Information to Business Operations

• The Role of Information in the Work of the Finance Function
  • Importance of Providing Useful Information
  • Characteristics of Useful Information
  • Use of Digital Technologies for Financial Data Collection, Processing, and Disseminating Information
  • Information and Documentation Received by the Finance Function
  • Information and Documentation Produced by the Finance Function
• The Importance of Data and Information Security
  • Why It Is Important to Ensure the Security of Data and Information
  • Why It Is Important to Maintain Privacy and Confidentiality
  • Implications for The Organisation If Data and Information are Not Secure
  • How Data and Information Is Retained Securely
  • Importance of Cybersecurity